Emissions rise from the Duke Energy Corp. coal-fired Asheville Power Plant ahead of Hurricane Florence in Arden, North Carolina, on September 13, 2018.

A growing share of U.S. convertible bond issuance this year is coming from investment-grade companies, a sign that soaring bond yields are spurring corporations to look at ways to cut their borrowing costs.

High-grade companies accounted for more than a quarter of U.S. convertible bond issuance in the first quarter, according to Bank of America Corp. research, the highest proportion in at least a decade. For the same period last year, investment-grade corporations accounted for just 7 percent of sales.

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