NII Holdings Tests a Convertible

NII Holdings Tests a Convertible

Structured Finance

Hybrid securities such as convertible bonds are a rarity in Latin America.  Latin American companies are suspicious of equity products, which would require them to cede at least some control of their companies. But NII Holdings Inc., a US-based provider of digital wireless communications services to businesses in Latin America, has proved that convertible debt offers Latin American businesses an attractive form of low-cost financing. Byron Siliezar, chief financial officer of NII Holdings, says, "The conversion premiums embedded in convertible securities are at a favorable premium relative to what they have been historically over the last several years." NII Holdings Inc. ta

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