Barclays Capital led a $70m (€55m) convertible bond from Bema Gold, the Canadian mining company which has a listing in London, extending equity-linked issuance from the mining sector.

Mining companies that issued equity-linked bonds last year included the UK's Lonmin, Xstrata, the Swiss mining group that is listed in London and Switzerland's Glencore which issued an exchangeable bond into shares of Xstrata. Bema Gold is also listed on AIM, the London Stock Exchange's smaller companies market.