Convertible bonds back with a bang as five deals priced

investors rushing
By Nina Flitman
15 May 2014

With five transactions completed, this week was one of the busiest for equity-linked deals since the start of 2014. Conditions were so strong that Dutch property firm Wereldhave breezed back in with a convertible bond just months after cancelling a similar transaction.

“There has been massive demand for these products this week,” said a banker. “Pricing has been pretty tight — decent conversion premiums and tight coupons — and that’s a sign of how much demand there is.”

Investors in this sector have been starved of supply over the past few ...

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