How much was raised in convertible offerings in 2024?

The amount raised in convertible offerings in 2024 being $87 billion indicates a significant trend in how companies are utilizing convertible securities to access capital markets. Convertible offerings become appealing, especially when companies are looking to raise funds while preserving future equity upside for current shareholders. The favorable terms associated with convertibles, such as lower interest rates compared to traditional debt, attract companies that might otherwise opt for straight debt financing or equity offerings.

In this context, the figure of $87 billion suggests strong market activity and investor appetite for convertibles, likely driven by favorable market conditions, low-interest-rate environments, and perhaps an overall bullish sentiment towards equity markets. This substantial figure reflects the capablities of companies to leverage convertible notes as a dual benefit: immediate liquidity while maintaining the option for conversion into equity in a more favorable future scenario.

The other options, while they represent substantial amounts, do not match the data for the actual convertible offerings raised in 2024. Thus, option B stands out as the accurate representation of the market's performance in that year.