Europe’s beaten-up stocks soar, spurring convertible issuance

By Aidan Gregory
08 Apr 2021

With European stocks on a tear ahead of the expected post-Covid economic reopening of the continent later this year, the convertible bond market is expected to be active as companies seek to raise capital to position themselves for the recovery.

The Stoxx Europe 600 benchmark erased its pandemic losses this week and set a record high. The DAX and CAC 40 are both up 11% this year, outperforming the S&P 500.

The asset class has thrived during the pandemic, particularly in the US, where the volume of issuance ...

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