AllNews - 2025: a record year for the global convertible bond primary market
This Friday, July 18, AllNews published an article written by Pénélope DUGAS, Convertible Trader & Portfolio Manager at Ellipsis AM, highlighting a record year for the global convertible bond primary market. Since January, more than $118 billion has already been issued, a volume that exceeds that of 2024 in its entirety and brings the market closer to the historic high reached in 2020.
"Since January, the total volume of convertible bond issues has already exceeded $118 billion, equivalent to the entire volume for 2024. The historic record of $160 billion set in 2020 is now within reach."
Extract:
"This increased activity is supported by rising equity markets, favorable volatility levels, and strong investor demand. As a result, new issues are performing well from the outset, while preserving the valuations of existing issues."
Disclaimer: The information relating to the instruments or issuers mentioned in this article is for illustrative purposes only and does not constitute a buy or sell investment recommendation. At the time of publication of this article, the portfolios managed by Ellipsis AM may or may not be exposed to the issuers mentioned and the issuers may no longer be present in the portfolio at a later date. Future management decisions are not constrained by the statements and analyses reported and may even go in the opposite direction.