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EquityEquity-Linked

US convertible bond sales surge, boosting investment banking fees

NYSE_Covid-19_2_PA_575_275

After years of being in the shade of their high yield colleagues, equity-linked bankers are emerging from the Covid-19 global pandemic as some of the biggest fee earners in the capital markets amid an issuance boom, particularly in the US, as embattled corporates scramble to raise liquidity.

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