Pandemic winners and losers raid Europe’s convertible bond market

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By Aidan Gregory
09 Apr 2021

Europe’s primary convertible bond market has reopened after the Easter break with two new deals on Friday from issuers with very different sector profiles.

Asos, the UK online fashion retailer, announced the sale of a new £500m convertible bond after the close on Thursday evening, its first ever foray into the market.

The sale comes after Asos’ share price rose more than 157% in 12 months, as clothes shopping moved online ...

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