Equity-linked debt issuance in Asia is set for a recovery in the second half of the year, say bankers in Hong Kong, as investor demand and market conditions improve.
The market for convertible bonds globally has struggled this year with total issuance hitting some of the lowest levels ever seen for the first six months of the year, according to data from Dealogic.
The drought has sparked some fears about the viability of the market. If the volume of outstanding deals shrinks too far, the market may become too small to justify the effort required to invest in this complex asset class.
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