BREAKING
AI Firms Fuel Convertible Bond Boom
0
B
issued 2026
0
%
year on year
Why AI Turns to Convertibles
1
AI capex surges
↓
2
Earnings fall short
↓
3
Tap bond market
↓
4
Low-coupon convertibles
Big AI Convertible Deals
CoreWeave Apr
4
Akamai
3.5
CoreWeave Dec
2.25
IREN
2
Appeal Versus the Risks
Appeal
Pros
●
Low-cost capital
●
Limited dilution
●
Bond-like stability plus upside
Risks
Cons
●
Rising rates raise repayment
●
Falling shares block conversion
●
Wider spreads hurt issuance
AI Capex Deepens Debt Reliance
AI NEWS BLITZ
AI companies are driving a record surge in convertible bond issuance this year.