US convertible bond market roars on

Aidan Gregory

May 13, 2020 04:30 pm

Lyft_Covid_19_PA_575_375 — May 8, 2020, Asuncion, Paraguay: Illustration photo - Logo of Lyft, a ridesharing company, is displayed on a smartphone backdropped by visual representation of virus, the words coronavirus disease (COVID-19) and abstract presentation of financial area graph with line chart, on screen. (Credit Image: © Andre M. Chang/ZUMA Wire) | Andre M. Chang/Zuma Press/PA Images

US taxi company Lyft has issued a new $650m convertible bond to raise capital to see itself through the Covid-19 crisis, joining the horde of US companies that have turned US equity-linked into one of the hottest corners of the capital markets during the pandemic.

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Topics

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

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Aidan Gregory