Global converts by sector 2007 to date | |||
Pos. | Issuer sector | Deal value (€mln) | No. |
1 | Real estate/property | 7,363 | 20 |
2 | Finance | 3,610 | 11 |
3 | Computers and electronics | 3,078 | 22 |
4 | Healthcare | 2,117 | 14 |
5 | Consumer products | 1,488 | 7 |
6 | Auto/truck | 968 | 4 |
7 | Food and beverage | 880 | 1 |
8 | Telecommunications | 773 | 1 |
9 | Oil and gas | 715 | 8 |
10 | Retail | 304 | 2 |
11 | Utility and energy | 289 | 1 |
12 | Chemicals | 189 | 3 |
13 | Aerospace | 180 | 1 |
14 | Mining | 164 | 3 |
15 | Textile | 163 | 4 |
16 | Transportation | 115 | 1 |
17 | Construction/building | 89 | 2 |
18 | Metal and steel | 76 | 1 |
19 | Machinery | 12 | 1 |
20 | Professional services | 6 | 1 |
Total | 22,579 | 108 | |
Source: Dealogic |
Property companies, once shut out of the convertibles market, are now a booming source of new issuance, accounting for about half the volume of deals in the EMEA region so far this year.