anyone know why the interest rates are lower on CBs? What is it about the BW?
What the heck is a CB or a BW? If by CB you mean collateralized bond, then it yields a lower interest rate because there is some asset put up to back it, which reduces default risk.
A CB is a convertible bond. BW is a Bond with Warrant The section is discussed in Financial Statement Analysis with regards to financing liabilities. The section discusses different types of bonds and their effects on Financial Statements.