EQUITY CAPITAL MARKETS are back on track - at least if the furious activity of the last week of June is anything to go by. In the US alone 23 deals came to market, according to Dealogic. Of these, 11 were convertible bonds. They included the second largest of the year to date, a $4 billion single-tranche offering from General Motors as part of a bumper pension plan refunding that also included a $13.5 billion multi-tranche, multi-region bond issue.
Antony Currie,
July 01, 2003
