Big bubble, no trouble: why China's convertible bond rush is a case of buyer beware
China investors - among them corporate treasurers in the hunt for yield - are finding solace in convertible bonds. The driver, quite simply, is the hunt for investment returns in a low interest rate environment
The market for convertible bonds in China has been growing for the past few years. Chinese companies sold a record Rmb268.2 billion ($38.2 million) last year, with the country even taking the issuance crown from the US, according to MSCI.
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