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When I was an investment banker,

 one thing that I did was pitch convertible bond offerings to companies. A coverage banker — an investment banker whose job was to know companies and advise them on financial topics — would bring me to a meeting with the chief financial officer of one of her companies to talk about convertible bonds. 

And I would come in and say “the convertible bond market is hot, you should do one, we think you could raise $200 million of 5-year convertibles and pay 2% interest with a 30% conversion premium.” 

Matt Levine Bloomberg 22 november 2022


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