Awards for Excellence 2005
JPMorgan
No other firm is as proficient in structuring innovative, complex convertible issues
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| Viswas Raghavan |
The past 12 months have been very tough for the equity-linked market. In every region except Asia, volumes fell to nearly half what they were the year before. In Asia issuance fell about 25%.
Bumper opportunistic issuance in 2003 meant that there were fewer corporates seeking financing, while the strength of secondary equity markets and a decline in volatility led to a slight worsening of conditions.
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