ECB dashes hopes of equity-linked recovery

ECB_Mario_Draghi_June_PA_230X150
By Aidan Gregory
27 Jun 2019

Equity-linked bankers said this week that European Central Bank president Mario Draghi has ended their slim hopes of a meaningful revival in convertible bond issuance this year, after he said he could cut interest rates and resume buying bonds if eurozone growth fails to pick up.

Draghi's statement last week sent government bond yields to record lows. At the start of the year, markets had been pricing in a rate rise by the ECB after the end of the summer, but the possibility of higher rates in Europe now looks far off.

Lower ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.