In the U.S. convertible market, about half of new deals are accompanied by call spreads, a transaction in which issuers purchase a derivative from banks that raises the effective conversion premium of the transaction to levels not typically available from the convertible market (e.g., 100% premium ... >>>Read More
Q2 2024 Convertible Market Review
As part of our market update series, here are our key takeaways from the convertible market in the second quarter of 2024.There was $27 billion of new issuance in the quarter, putting 2024 on pace for ~$97 billion of total volume. The second quarter was the most active in the convertible market ... >>>Read More
Q1 2024 Convertible Market Review
As part of our market update series, here are our key takeaways from the convertible market in the first quarter of 2024. The convertible market started 2024 with a very active quarter yielding ~$20 billion of new issuance. The past quarter was the busiest quarter since the “covid wave” in Q1 ... >>>Read More
Q4 2023 Convertible Market Review
As part of our market update series, here are our takeaways in the convertible market in Q4 2023 and looking across the year. Convertible market ended 2023 with another active quarter with ~$13 billion of new issuance activity. 2023 new issuance volume finished at ~$55 billion, which is a strong ... >>>Read More
Q3 2023 Convertible Market Review
Sector Deal Count Deal Count % Volume ($bn) Volume % Technology 7 30.4% 6.1 41.5% Industrials 5 21.7% 2.4 16.3% Healthcare 3 13.0% 1.6 10.9% Consumer 3 13.0% 1.3 8.8% Real Estate 2 8.7% 0.7 4.8% Financials 1 4.3% 1.4 9.5% Utilities 1 4.3% 1.0 6.8% Basic ... >>>Read More
- 1
- 2
- 3
- …
- 13
- Next Page »