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

Aidan Gregory

April 30, 2020 05:00 PM

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.

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Topics

Health and Biotech Equity United States Americas North America SRI Equity-Linked

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Aidan Gregory