Convertible bonds poised for a strong return in 2014, but banker divisions over asset swaps linger

It has been a strange year for the Asia ex Japan convertible bond market — a dearth of issuance in a dire first half was followed by a sizzling six months. But expectations for 2014 are high and while equity-linked bankers believe that the standard five year non-put three will continue to reign, they are divided over the merits of offering asset swaps, writes Rev Hui.