Capacity constraints a concern for in-demand convertible bond funds
The convertible bond market has become one of the hottest areas of the capital markets with a huge surge in issuance in response to the Covid-19 pandemic. But there is growing concern among investors about the capacity of the market to absorb all of this new paper.
Equity-linked securities are often seen as a niche product and exist largely in the shade of the huge corporate bond market on both sides of the Atlantic. However, the challenges of the pandemic have given the market a chance to show its value.Since the start of ...
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