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French Real estate




In May 2011, French real estate company issued convertible bonds with a total face value of 480 million. Each 1,000 bond included a conversion option whose fair value was estimated at 13. The average proceeds per 1,000 bond was 1,028.;a. Compute the total bond proceeds.;b. Whtat portion of the bond proceeds is accounted for as debt under IFRS?;c. Had the company reported under U.S. GAAP what amount of the bond proceeds would be accounted for as debt?


Paper#35429 | Written in 18-Jul-2015

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