CBs: back to basics as rate hikes tempt weaker credits
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CBs: back to basics as rate hikes tempt weaker credits

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Europe’s convertible market is no longer dripping with superlatives as 2017 begins — middling performance and mild outflows have taken out some of the heat. That may be a good thing, as investors may get more of the deals they like: for companies whose credit needs some looking at, but with interesting equity stories. Aidan Gregory and Jon Hay report.

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