The market for European equity-linked new issuance demonstrated its strength this week with the reawakening of a country that had been slumbering for almost a year.

Three deals worth a total of $1bn (€1.1bn) from Swiss issuers confirmed that while the US market is full to bursting of new convertible paper, European investors are still hungry for more. Switzerland has not had a convertible issue since July last year, but investors wolfed down this week's new bonds.