Global companies raise massive cash through convertible bonds at start of 2021

Global companies are raising vast amounts of money through convertible bonds this year, as soaring stock markets lift demand for these bonds which give investors the option to change into equity shares at a later date.

Graphic: Global issuance of convertible bonds - https://fingfx.thomsonreuters.com/gfx/mkt/qmypmwaowpr/globalper cent20issuanceper cent20inper cent20millions.jpg Convertible bonds are an alternative to equity placements and bond issues, and allow companies with low or no credit ratings easier access to cash than a regular bond issue.

Frank Campana, portfolio manager at Insight Investment said the record convertible issuance in 2020 was due to companies in travel, leisure and airlines looking to raise liquidity and shore up their balance sheets as coronavirus curbs ground the global economy to a halt last year.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Finance sector projected to create 6,500 jobs in 2021, building on last year's expansionSINGAPORE: The employment outlook for the finance sector remains positive, with about 6,500 positions projected to be created in 2021, said Mr ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »