Convertible and Exchangeable Bonds: Navigating Volatility in the Markets

The equity capital markets have seen high levels of volatility over the past year for a multitude of reasons, including geopolitical tensions, the continuation of unprecedented monetary easing and fiscal stimulus, volatility in bond yields and evolving COVID-19-related expectations. In this market environment, successful deal execution in the equity-linked space is reliant more than ever on awareness of the full spectrum of new issuance and liability management techniques and ensuring market readiness at all time.