Demand grows for equity-linked deals to offset bubble risk
Europe’s convertible bond market has got off to a relatively slow start to the year, with €1.6bn of issuance in January, according to Dealogic data. However, the asset class remains popular with investors looking to gain equity upside but mitigate against valuation risk.
That is a drop from the €1.92bn of new convertible bonds issued in January last year, the data shows. Meanwhile the Americas region has continued to power ahead of EMEA and Asia-Pacific, with €4bn raised in January.
The United States broke its all-time record for new issuance last year....