Undetachable stock warrant

An undetachable stock warrant is a convertible bond. The warrant is linked to a bond and cannot be sold separately from the bond. Thus, the warrant is used to convert the bond into a stock holding. An undetachable stock warrant is exercised when the common stock of the bond issuer increases to the point where the holder can earn a profit by converting the bond into stock.

Related Courses

Corporate Finance 
Treasurer's Guidebook