Exploring the convertible universe

Jefferies analysts provide extensive advice on convertible bonds in the U.S., European and Asian markets, assessing convertible structures and offering valuable investing advice to clients. Analysts employ a wide range of technical and analytical tools, including convertible pricing models based on a comprehensive, proprietary global convertible bond database. Jefferies created and maintains an international convertible bond index, the Jefferies Active Convertible Index (JACI). This index has become an industry standard and a valuable benchmarking and management tool for global convertible managers since its inception in 1994. For the investment-grade universe, the Firm provides specialized research on the potential impact of convertible bond issuance on the share price of an issuer.

For the non-investment grade universe, analysts perform financial statement analysis to determine the credit quality of these issues in assigning fair value.