EdR AM expects continued boom in convertible bonds
Fast-growing firms in Asia have stepped up issuance of convertible bonds, which often perform well in a rising interest-rate environment, notes Edmond de Rothschild AM.
The boom in convertible bond issuance in Asia is tipped to continue, with investor demand likely to remain strong amid forecasts of interest-rate rises in the region to counter inflationary pressures.
Asia-Pacific is fast increasing its share of the world’s convertible bond market. With $164 billion in outstanding convertibles, it accounts for 21% of the universe by value versus 61% for the US and 18% for Europe, finds data provider Dealogic. Ten years ago it was just 5-10%, by es…
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