US companies sell $19bn of convertible bonds in June

NYSE_Covid-19_PA_575_375
By Aidan Gregory
01 Jul 2020

US companies sold $19bn of new convertible bonds in June as the rush to tap the market for financing during the Covid-19 global pandemic continued, with little sign of slowing down.

There were 25 transactions last month that raised a combined $19bn, including SoftBank’s jumbo $2bn bond exchangeable into T-Mobile US stock, according to Dealogic data.

That is just shy of the $21.6bn raised in May, but topping the $13.2bn issued in April. The $19bn total makes June the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial