Total Issuance: Despite the sharp market sell-off, February was a very busy month in the convertible market.  A total of $5.1 billion priced over 11 deals – a higher dollar volume than every month of 2019 except for August and September.  Activity was in fact concentrated (4 deals for ... >>>Read More

Trends: January’s MongoDB deal continued the trend of convertible issuers from the last 2 years conducting new offerings to refinance and extend the maturity of their balance sheets, while taking advantage (especially in tech) of meaningfully higher equity valuations and convertible market ... >>>Read More

Total Issuance: December saw 6 convertible debt deals for a total of $2.2 billion.  This brings the 2019 total to $41.5 billion of convertible debt issuance over 101 deals.    By comparison, 2018 saw $41.0 billion of issuance over 103 deals (2017: $28.2 billion / 80 deals).  ... >>>Read More

Total Issuance: November activity picked up after a quiet October, with 11 convertible debt deals pricing for a total of $4.0 billion.  This brings the YTD total to $39.1 billion — on pace to surpass last year’s full year total of $41.0 billion.Flexibility: November’s new issuance showcased the ... >>>Read More