Due to companies seeking to finance artificial intelligence projects at lower costs, the global convertible bond issuance is soaring at the fastest pace in 24 years. Companies such as Alibaba, Lumentum, and AMD are raising funds through the issuance of such bonds. It is expected that by 2025, the total convertible bond issuance will reach approximately $166.5 billion, the highest level since 2001 and close to the all-time high.

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