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.

  • By Andrew Griffin
  • 13 Jun 2013

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, ...

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