Debt and equities

The hunt for yield: how low interest rates are boosting convertible bond issuance

The description of China’s convertible bond market as a bubble might be overblown, but investors should take care as they look at companies further down the ratings scale.

The market for convertible bonds in China has been growing for the past few years. Chinese companies sold a record Rmb268.2 billion ($38.2 million) last year, with the country even taking the issuance crown from the US, according to MSCI.

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