Convertibles Market Opening Up - SNL Financial - April 2011

The value of new issuances is on pace to show year-over-year growth for the first time in four years, based on data through March from UBS and Thomson Reuters. The pickup in activity during the first quarter of 2011 was especially significant in the U.S., where the level of new issuances reached $13.5 billion, more than double the level seen in the first quarter of 2010.