Cofinimmo, Alstria get CB books filling up again
Cofinimmo, the Belgian property firm, raised €191m from a convertible bond on Tuesday that was priced at mid-terms from a multiple oversubscribed book even on a difficult day in the markets.
Pre-sounded on Monday, Cofinimmo launched the €175m base size deal on Tuesday morning as a five year non-call three year with a coupon range of 2.5%-3.0% and a conversion premium of 25%-30% with partial dividend protection.
It found plenty of demand — but only at mids or better,
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.