Gutsy CB investors guzzle risky deals as IPOs stumble

London fotolia
By Aidan Gregory
07 Nov 2019

Convertible bond investors lapped up two new issues this week from shaky European credits, as equity-linked fund managers showed a keen risk appetite despite recent badly performing deals, in stark contrast to the ultra-sensitive behaviour of investors in the fragile IPO market, writes Aidan Gregory.

Europe's flotations market has been decimated this year, and particularly in the post-summer season, with many a deal failing as investors recoiled from the market after losing money on other IPOs that traded down after being priced.

But CB investors are in a robust mood, hungry for risk and ...

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.