TAG Immobilien reopens equity linked market with €262m CB
A dry spell for the equity-linked market in Europe was broken on Wednesday when TAG Immobilien, the German residential property company, issued a new €262m five year convertible bond as part of a wider refinancing effort.
The deal, launched before the UK bank holiday on August 28 and US Labour Day the following Monday, allowed TAG Immobilien to get first mover advantage over other equity-linked issuers that are looking to fund this autumn.
“Some years we get to the end of September and the
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