Todd Castagno

Todd Castagno, Head of Morgan Stanley's Global Valuation Accounting Research Team, discusses the increasing attractiveness of convertible bonds as an alternative to common stock. He explains the hybrid features of convertible bonds, providing downside protection and upside equity appreciation. The podcast explores the reasons why companies choose to issue convertible debt, including financial flexibility for high growth companies and quick market execution. It also discusses the potential for growth in the convertible's market.