A UBS managing director has defied analyst reports of a convertible bond slowdown and has insisted "in this difficult market deals can still be completed if there is a positive equity story from the issuer".

UBS' head of Asian and Japanese equity linked issuance, Ichiri Ouchi, said the key to successful convertible bond issuance is to give investors more of a sense of security that they will get their money back, and to restore faith in the market which now has little appetite for risk.