Invesco US
July 13, 2018
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Convertible securities: What does the speedy pace of issuance mean for investors?

New issues mean new opportunities

Posted by Stuart Novick, Senior Analyst 

May was the busiest month for convertible security issuance in the US market in almost four years — 21 new deals were completed, generating nearly $9 billion in proceeds for issuing companies. While the recent torrent of new issues could put some pressure on valuations in the convertibles market, the Invesco Convertible Securities Team believes this pickup in issuance is a healthy development for the asset class overall, as it gives active managers such as ourselves the ability to pursue new investment opportunities ...

Continue reading the full article,     Convertible securities: What does the speedy pace of issuance mean for investors?  on Invesco US Blog.

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