U.S. Convertible Bond Issuance Hits Record $131 Billion on Rising AI Investment
JH Kim
Summary
- U.S. companies' convertible bond issuance rose to a record $131 billion.
- Fundraising through convertible bonds has surged as companies expand artificial intelligence (AI) investment.
- Rising spending on AI infrastructure and related equipment has increased corporate funding demand, sending convertible bond issuance to an all-time high.
Forecast Trend Report by Period
U.S. companies issued a record $131 billion of convertible bonds.
Cointelegraph reported on September 11 that fundraising through convertible debt has surged as companies expand investment related to artificial intelligence.
Convertible bonds are debt securities that can be converted into shares of the issuing company under certain conditions. Companies use them to raise funds for large-scale investment.
As spending on AI infrastructure and related equipment has increased, corporate demand for funding has grown, pushing convertible bond issuance to an all-time high.
JH Kim
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