Corporates turn to convertible bonds

As businesses turn to a variety of sources to see them through the current economic disruption, companies such as ArcelorMittal are turning to convertible bonds to bolster their balance sheet.

The steel giant recently announced that it would be raising $2bn through the issuance of shares and convertible bonds.

Take a look at the simple diagram we’ve put together showing all the basic components and parties to a bond programme.

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