Convertible bond buyers expect more US tech deals
With slowing growth in the global economy, and heightened trade tensions between the US and China, the bear case for equities remains very strong as 2019 enters its final stretch. However, there is still a strong bid for convertible bonds, especially deals from the technology sector, according to equity-linked investors.
Following Snap’s $1.26bn convertible bond issue almost two weeks ago, other US tech giants such as Uber and Lyft are being advised to take advantage of the strong conditions in US convertible bond market to raise capital at very little cost.Issuing convertible bonds may also be ...
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