Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
What about pension funds taking equity positions by using convertible bonds?

The projects gets access to cheap capital, and the original equity inivestors don't really care if the loan is converted into a sizable share ownership for the fund 10-15 years down the line, as their high demanded rate of return discounts profits 15 year into the future into almost nothing. Or is there some hole in my logic here?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Mon Jan 18th, 2010 at 10:19:16 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series