Varför ger inte fler svenska företag ut konvertibler?
The purpose of this thesis is to increase the understanding of why convertible bonds are a relatively uncommon financing method in Sweden. The aim is to find the explanatory factors for this situation. The analysis is based on interviews conducted from three perspectives; the investor?s, the adviser?s and the issuer?s. The main finding is that the Swedish financial market has characteristics that inhibit the development of a convertible bond market in Sweden, leading to the fact that most convertible bonds are issued under special circumstances. Since neither investors nor issuers are interested in convertible bonds under normal circumstances, the Swedish convertible bond market is in a vicious circle. As long as this situation remains, Swedish firms will not issue convertible bonds in a greater extent.