Equity-linked boom to run on as firms navigate recovery

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By Aidan Gregory
13 Aug 2020

Convertible bond market participants are expecting a busy September for new issuance, including a potential resurgence of distressed deals if an economic recovery from the pandemic and associated lockdowns fails to materialise.

The convertible bond market has thrived during the pandemic, as issuers scrambled to raise cash following the onset of the global crisis in March. The equity-linked debt market is one of the few capital markets that has stayed wide open throughout the entire crisis.

With the European market ...

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