HONG KONG (Reuters) – Asian companies are borrowing record amounts via convertible bonds as they seek cheaper ways to raise funds amid rising interest rates and volatile equity markets.

FILE PHOTO – Visitors attend the Lenovo booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez/File Photo

The surge in popularity comes as companies must manage refinancing needs at a time borrowing costs are picking up from their ultra-cheap levels of recent

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