Financing hunt during pandemic lifts May U.S. convertible debt issuance to record
June 02, 2020 at 12:41 PM EDT
U.S. issuance of convertible bonds in May hit a record high of $20.7 billion, according to Bank of America data, as companies struggling with the impact of the coronavirus pandemic ventured into the one-time niche market seeking cheaper and easier ways to borrow cash.