Trending Content - Investment Banking Forum
| +395 | Evercore Intern Seizure | 61 | 3h |
| +97 | UBS IB Americas has failed, now behind Santander and Stiffel | 27 | 46m |
| +78 | JPM M&A is Gone??? Purely Coverage Banking??? | 37 | 1h |
| +60 | How do I understand vs. just memorizing? | 11 | 3h |
| +48 | Losing my personality in Banking | 9 | 1d |
| +45 | The good and bad with Wells Fargo | 12 | 2h |
| +42 | Associate & Above IB exits | 18 | 5h |
| +35 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 18 | 7h |
| +33 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 2h |
| +31 | Tech to IB Pivot | 20 | 16h |
Career Resources
Because everything equity-linked is under ECM.
Would you say it's fair to say that convertibles is 80% fixed income, and 20% equities related?
I would guess that companies that issue convertibles want equity credit and are hoping for the issuance not to be treated fully as debt by the ratings agencies o runder GAAP/IFRS.
The optionality is the most important part of the instrument and is obviously equity linked, hence it's handled by ECM. Convertible arb is a big part of the game and converts don't even get rated so they're much more aligned with equity than debt.
[double posted]
Ullam id quos beatae pariatur ab exercitationem consequatur. Quod consequuntur consequatur nostrum excepturi autem qui. Officiis vel ea ea omnis at minima.
Rerum laudantium voluptas itaque quod quas ut voluptatem. Nesciunt quam nostrum aliquam quasi ut pariatur. Nemo dolor vitae maiores provident et architecto quae.
At sed ex recusandae perferendis. At nostrum sit aut inventore laudantium nulla.
Fugit ducimus nobis voluptatibus dolores. Ea rerum nihil laboriosam asperiores aut deserunt. Expedita nobis quisquam suscipit voluptate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...