Alibaba boosts Asian convertible bonds, soaring to a record high in September
In September, the Asian convertible bond market recorded its strongest monthly performance on record. The Asia-Pacific convertible bond benchmark index surged by 13%, far exceeding the global index's increase of 4.6%. Alibaba's convertible bonds maturing in 2031 rose by 28% during this period. Investors' demand for equity-linked instruments tied to leading technology companies betting on AI-driven growth has increased. They seek to gain upside potential while managing risks
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