| Bertrand Collomb | ||||||
Around this time of year bankers are struck by a strange affliction. Maybe they’re bored – summer markets are notoriously quiet – or perhaps they reckon most people will be on vacation and won’t notice. Whatever the reason, there’s a marked increase in silly deals. Two recent issues have left observers scratching their heads.
What’s particularly baffling is that bankers are skating on thin ice in one of the safest areas of the market – convertibles.
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