Equity-linked market hits a peak with unique duet of convertibles into STM

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Equity-linked market hits a peak with unique duet of convertibles into STM

August 01, 2003 12:00 AM

The bull run in the equity-linked market reached a high this week with a bizarre pair of issues totalling $1.7bn, both convertible into the stock of semiconductor maker STMicroelectronics (STM).

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