Equity-linked booms in US as firms rush to raise liquidity

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Equity-linked booms in US as firms rush to raise liquidity

NYSE_PA_7_575_375
(200428) -- NEW YORK, April 28, 2020 (Xinhua) -- The Fearless Girl statue with a face mask is seen in front of the New York Stock Exchange (NYSE) during the COVID-19 pandemic in New York, the United States, on April 27, 2020. The number of COVID-19 cases in the United States topped 1 million Tuesday afternoon, reaching 1,002,498 as of 1:55 p.m. (1755 GMT), according to the Center for Systems Science and Engineering at Johns Hopkins University. (Photo by Michael Nagle/Xinhua) | unreguser/Xinhua News Agency/PA Images

The US convertible bond market is showing little sign of slowing down, after another wave of new issues this week, including a jumbo $2.3bn bond from Southwest Airlines. The boom will continue, sources said, as companies attempt to bring in capital to offset a loss in revenue because of Covid-19.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article