Bonds have the merit of providing steady income, at rates that are now very high; they tend to be less volatile than stocks; and they have a higher legal claim on a company's assets.
All bonds issued under the platform will carry the MultiCat brand name and use a common legal structure and documentation, with the World Bank acting as arranger.
Convertible bonds are the bonds that are issued according to legal procedure and can convert into equity of corporate under specific conditions in a period.