Hot CB market entices Buzzi, Orpea

Rallying equities, check. Recovering credit markets, check. Swap rates pulling back from recent highs, check. Fund inflows and bond maturities. Add that to the list. Windows for convertible bond issuance don’t come much more inviting than Tuesday’s market and the two European companies to take advantage — both in the high yield bracket — were inundated with orders even as they priced at aggressive terms