An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study

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dc.contributor.advisorHolman, Glenen_ZA
dc.contributor.authorWormald, Simonen_ZA
dc.date.accessioned2015-01-02T09:28:02Z
dc.date.available2015-01-02T09:28:02Z
dc.date.issued2013en_ZA
dc.descriptionIncludes bibliographical references.en_ZA
dc.description.abstractThe aim of this paper is to investigate Shoprite’s decision to issue convertible bonds despite South African firms tending to favour traditional forms of debt or equity. The paper first revisits the theory on convertible debt to consider the possible reasons for why Shoprite elected to issue convertible debt, and then develops two models, the first to quantify Shoprite’s debt capacity and cost of debt, the second to value the convertible bond issue, and quantify the benefit, if any, that convertible bonds achieved as opposed to a straight debt or equity issue.en_ZA
dc.identifier.apacitationWormald, S. (2013). <i>An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/11058en_ZA
dc.identifier.chicagocitationWormald, Simon. <i>"An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2013. http://hdl.handle.net/11427/11058en_ZA
dc.identifier.citationWormald, S. 2013. An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Wormald, Simon AB - The aim of this paper is to investigate Shoprite’s decision to issue convertible bonds despite South African firms tending to favour traditional forms of debt or equity. The paper first revisits the theory on convertible debt to consider the possible reasons for why Shoprite elected to issue convertible debt, and then develops two models, the first to quantify Shoprite’s debt capacity and cost of debt, the second to value the convertible bond issue, and quantify the benefit, if any, that convertible bonds achieved as opposed to a straight debt or equity issue. DA - 2013 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2013 T1 - An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study TI - An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study UR - http://hdl.handle.net/11427/11058 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/11058
dc.identifier.vancouvercitationWormald S. An analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case study. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2013 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/11058en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.titleAn analysis of the benefits of issuing convertible debt in South Africa: Shoprite Holdings Ltd case studyen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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