Menkul Kıymetler
Hibrit menkul kiymet
İngilizce: hybrid security
Türkçe Tanım
Donusturrulebilir tahviller, imtiyazli hisse senetleri veya ozsermaye donusum ozelligi tasiyan sermaye benzeri borclar gibi hem borc hem de ozsermaye ozelliklerini birlestiren bir finansal aracstir. Hibrit menkul kiymetler ihraccilara esnek sermaye yapilari sunar ve derecelendirme kuruluslarindan kismi ozsermaye kredisi alabilir. Yatirimcilar icin genellikle ust dilim borctan daha yuksek getiri saglarken donusum veya katilim ozellikleri araciligiyla potansiyel yukari yon potansiyeli sunar.
English Definition
A financial instrument that combines characteristics of both debt and equity, such as convertible bonds, preference shares, or subordinated notes with equity conversion features. Hybrid securities offer issuers flexible capital structures and may receive partial equity credit from rating agencies. For investors, they typically provide higher yields than senior debt while offering potential upside through conversion or participation features.