Two issues valued at €1.4bn ($1.7bn) have reignited the European equity-linked bond market. The value of bonds issued in the first few days of this month is already higher than those issued in the whole of the first quarter of this year.

European equity-linked issuance in the first three months of this year was just €938m, according to Dealogic, the investment banking research firm, as volatility hit historic lows.