HYBRID FINANCING INSTRUMENTS
As hybrid source of financing has characteristics of both straight delta and straight equity falling ‘here in between. The important hybrid instruments sources of financing arc: (i) preference capital. (ii) convertible exchangeable debentures bonds, (iii) warrants and (iv) options are covered in Sections. The focus is on their features and valuation, The procedural aspects of raising hybrid securities is similar to raising inquiry capital (discussed). The main points are summarized in the last Section.