x

RSS Newsfeeds

See all RSS Newsfeeds

Global Regions

Global Regions ( XML Feed )
Latin America ( XML Feed )

Mar 14, 2016 7:00 EST

Dealogic ECM StatShot – Asia Pacific Convertible Bond Volume at Highest Level Since 2011

iCrowdNewswire - Mar 14, 2016

Dealogic | ECM StatShot

 

Asia Pacific Convertible Bond Volume at Highest Level Since 2011

By Belle Leung

Asia Pacific convertible bond volume totals $6.2bn in 2016 so far, the highest YTD level since 2011 ($7.0bn) and up 44% on 2015 YTD ($4.3bn). Activity, in contrast, has dropped to 21 deals in 2016 YTD, less than half the 44 deals completed in the same 2015 period and the lowest deal count since 2013 (18 deals)

 

For additional analysis, please click here

 

Key highlights include:

 

26%

China’s share of

global convertible bond

China’s share of global convertible bond has reached highest on record

China’s share of global convertible bond issuance has risen to 26% in 2016 YTD, the highest share on record and up significantly from 5% in 2015 YTD. France and United Kingdom follow with 19% and 16% shares, respectively. As such, EMEA issuance has also increased to $8.0bn, up from just $1.6bn in 2015 YTD, and the highest YTD since 2013 ($8.1bn). Volume was driven by Vodafone Group’s $4.1bn two-tranche convertible bond in what stands as the largest ECM deal globally in 2016 YTD

29%

Drop in global convertible bond volume

29% Drop in global convertible bond volume

Despite the increase, global convertible bond issuance has dropped 29% to $14.2bn, from $20.0bn in 2015 YTD. Americas led the decline with $1.9bn in 2016 YTD, down from the $14.1bn raised in the same 2015 period and the lowest YTD volume since 2009 ($816m)

 

To access the ECM StatShot in full, please click here

 

 

Dealogic subscribers are welcome to contact the author to obtain the search used to produce this StatShot

 

 

Contact Information:

Belle Leung

[email protected]

View Related News >
support