North America
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Australian US dollar deals trade wider than Canadians and the curve is steep -
Volatility in dollars and dour market mood pushes German agency to postpone trade
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The long tenor was a bone of contention and investors had plenty of other deals on offer
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The fortunes of the US convertible bond market have changed dramatically in 2022
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Reliance Standard life pulled a planned bond issue on Wednesday as heightened volatility cut the pipeline of new issuance
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Elon Musk’s proposed $44bn takeover of Twitter, the US social media platform, will offer beleaguered convertible investors the opportunity to take some money off the table, which can be recycled elsewhere, if the deal goes ahead
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Issuer’s choice of price over size amid weak markets led to investor pushback
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Bankers are hopeful that FIG borrowers who pay for debt in dollars will continue to take advantage of sterling and Swiss franc funding arbitrage
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Mainland-focused blank cheque company yields to US-China hostility
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Investors plough into short dated tranches though longer deals are still possible
