Gutsy CB investors guzzle risky deals as IPOs stumble

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Gutsy CB investors guzzle risky deals as IPOs stumble

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Convertible bond investors lapped up two new issues this week from shaky European credits, as equity-linked fund managers showed a keen risk appetite despite recent badly performing deals, in stark contrast to the ultra-sensitive behaviour of investors in the fragile IPO market, writes Aidan Gregory.

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