Top Section/Ad
Top Section/Ad
Most recent
International tension has propelled valuations in the sector up, tempting issuers
String of smaller IPOs, convertibles come to market
Third equity-linked deal appears as ECM ramps up
More articles/Ad
More articles/Ad
More articles
-
Aveng launched a R2bn ($187m) convertible bond on Wednesday morning, with the deal emerging during a tougher times for the South African construction and engineering firm. -
Bankers have begun using standby letters of credit (SBLCs) to price convertible bonds coming from sectors that might otherwise make investors a bit jittery. The tactic works when used responsibly, but bankers need to avoid it for companies that have no business being in the capital markets.
-
As celebrations of European victories old and new helped bring equity capital market activity to a slow on Monday, bankers were hoping that at least some of the deals that have been delayed by recent volatility will come back to market before the summer sets in.
-
Taiwanese solar cells manufacturer Neo Solar Power Corporation tapped the equity-linked market on July 10, raising NT$3.6bn ($120m) with a zero coupon convertible bond backed by a standby letter of credit (SBLC) from ING.
-
French engineering firm Assystem completed a pioneering perpetual convertible bond on Wednesday, providing some comfort for a market that could have been shut down after Seadrill pulled a jumbo equity-linked bond the evening before.
-
Seadrill pulled its jumbo equity-linked bond on Tuesday over concerns that the share price impact of the deal would be too large, but the cancellation has not put other issuers off the convertible bond market.
