Lowering the ceiling for equity-linked debt

News

Despite investment bankers at UBS Warburg sounding upbeat about the potential for European equity-linked deals this year the bank is warning that several factors are likely to stop volumes from rivalling last year’s records.

2001 produced €54.6 billion ($48.4 billion) worth of new European equity-linked issues, a rise of 48% on the year before. But Martin Haycock, convertibles analyst at UBS in London, predicts that figures for 2002 will be around 10% lower in 2002.

Haycock says the main cause

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: