US companies pile into convertible bonds

By Aidan Gregory
17 Sep 2019

US firms are turning to the convertible bond market in droves in order to issue cheap debt before a potential global economic downturn.

August was the busiest month for new US equity-linked deals this year and the wave of issuance has continued into September. A combined total of $7bn has been raised in 15 deals as of September 17, including two jumbo deals from cloud software provider Okta and NextEra Energy ...

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