Equity-linked bankers expect busy September

London fotolia
By Aidan Gregory
05 Sep 2019

Europe’s equity-linked market restarted with a bang this week, with more than €1.3bn of new supply. A scarcity of deals throughout this year and fears of a deteriorating economic outlook in the region are fueling a strong bid among investors for convertible bonds, particularly those issued by investment grade companies.

Edenred, the French provider of prepaid corporate vouchers, was first out of the gate, reopening the market on Tuesday after the traditional summer break with a debut €500m convertible bond due in 2024 that was priced at a yield of minus 1.53%, one of the deepest negative yields on ...

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