US companies sell $19bn of convertible bonds in June

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US companies sell $19bn of convertible bonds in June

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The New York Stock Exchange on Friday, June 26, 2020 on the first day of trading of the supermarket chains Albertsons intial public offering.(ÂPhoto by Richard B. Levine) | Richard B. Levine/SIPA USA/PA Images

US companies sold $19bn of new convertible bonds in June as the rush to tap the market for financing during the Covid-19 global pandemic continued, with little sign of slowing down.

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