| Global converts by sector 2007 to date | |||
| Pos. | Issuer sector | Deal value (€mln) | No. |
| 1 | Real estate/property | 7,363 | 20 |
| 2 | Finance | 3,610 | 11 |
| 3 | Computers and electronics | 3,078 | 22 |
| 4 | Healthcare | 2,117 | 14 |
| 5 | Consumer products | 1,488 | 7 |
| 6 | Auto/truck | 968 | 4 |
| 7 | Food and beverage | 880 | 1 |
| 8 | Telecommunications | 773 | 1 |
| 9 | Oil and gas | 715 | 8 |
| 10 | Retail | 304 | 2 |
| 11 | Utility and energy | 289 | 1 |
| 12 | Chemicals | 189 | 3 |
| 13 | Aerospace | 180 | 1 |
| 14 | Mining | 164 | 3 |
| 15 | Textile | 163 | 4 |
| 16 | Transportation | 115 | 1 |
| 17 | Construction/building | 89 | 2 |
| 18 | Metal and steel | 76 | 1 |
| 19 | Machinery | 12 | 1 |
| 20 | Professional services | 6 | 1 |
| Total | 22,579 | 108 | |
| Source: Dealogic | |||
Property companies, once shut out of the convertibles market, are now a booming source of new issuance, accounting for about half the volume of deals in the EMEA region so far this year. In the past two months, more real estate companies have come to the market than in the past two years put together.
Companies such as Immofinanz, which came to the market in January 2007 hoping to raise just €600 million, ended up walking away with €750 million, after being greeted with a warmer than expected welcome.
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