Compulsory Convertible Debenture (CCD) Definition
What Is a Compulsory Convertible Debenture (CCD)? A compulsory convertible debenture (CCD) is a type of bond which must be converted into stock by a specified date. It is classified as a hybrid securityas it is neither purely a bond nor purely a stock. A debenture is a medium- to long-term debt security issued by…