European companies issue record volume of convertible bonds

02/6/2013 | Reuters

Companies in Europe issued a record number of convertible bonds last month, prompted by rising stock markets and investor concern about the how long the rally will last. "If you are not completely sure how any of these very big issues are going to be resolved, whether short term or long term, or how the market will react to it, then you need to be in converts," said Maxime Perrin of Lombard Odier Investment Managers.

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