Hyper convertible bond brought to European market

Just Energy, a Toronto-listed retailer of energy contracts across the US, Canada and the UK, this week completed the first hyper convertible bond in the euromarket with a $150m July 2019 transaction.

  • By Nina Flitman
  • 24 Jan 2014

The hyper feature means that the conversion ratio rises once the stock exceeds the conversion price, enhancing the potential return for investors given that Canadian regulations prevent the inclusion of standard euromarket dividend protection clauses.

“Just Energy’s stock yields about 10.5% right now,” said Chistopher Thurn, head of ...

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