Convertible Market Update: 2021 Themes & 2022 Outlook
By ICR Capital
The convertible market had another record-setting year in 2021: issuers achieved the best terms in history and it was second only to 2020 in terms of issuance volume since the Financial Crisis. As the New Year kicks off, we take a look at what drove the market to its heights in 2021 and what we expect for the convertible market in 2022.
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