Strong Asian CB pipeline despite pause

Up to $1.5 billion-worth of new convertible bonds are waiting for an opportunity to come to market but US-listed names still able to launch deals.

Strong Asian CB pipeline despite pause

The recent weakness in Asian share prices has made it less attractive for companies to sell convertible bonds but year-to-date issuance is still substantially higher than in 2013 and up to $1.5 billion of new issuance is waiting to get done, according to a leadingĀ convertible bond banker.

For now, many Asian issuers are taking advantage of continued low interest rates to raise cash through straight bond sales instead of issuing convertible bonds,...

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