Bridge over the Strait of Messina and popular shareholding with convertible bond
The procedures for the expropriate in relation to the construction of bridge over the Strait of Messina. I won’t go into the details because usually human and personal situations are also involved which clash with choices for the community. Now, to get back to the topic, the problem is always the money which should be gathered from somewhere and as quickly as possible. Granted that the Italian State does not currently have this figure, it seems to be contained in approximately 12 billion of euros, the question is where do we find all this money?
There are many alternatives, for example you could use the leasing which finances based on the progress of the works and can also be paid in installments over 30 years or with international financing with the issue of bonds, but what I like to think of most is popular equity through the issuance of convertible bonds; that is, a particular type of bond security that offers a double option to the holder:
1. the conversion into shares: the investor can decide to convert the bond into shares of the issuing company and this gives him the status of shareholder.
2. He rrepayment of the credit: Alternatively, the investor can wait for the bond to mature and obtain repayment of the credit.
For this type of investment, which in my opinion, has a very interesting economic return, it could be important to involve i savers with a cut of 1,000 euros by bond and with the conversion into shares perhaps at par and at any time it would provide certainty both to the investment that the Company must make and to the saver who for once could access the profits in future years. If we want to be sophists, we could list the company on the stock exchange so the values will not just be decreed by the company’s balance sheets, but also by the mood of the market with all the annexes and connected ones. I close with a quote from John Maynard Keynes “Investing successfully means anticipating the anticipations of others”.