Faurecia raises €220m amid equity-linked boom

Equity-linked investors bought $2.2bn of paper from EMEA issuers last week, and with several of the deals performing only sluggishly despite a continued equity market rally, there were some fears that the market might shut as quickly as it opened. But on Monday French car parts firm Faurecia raised €220m from a new Oceane that was priced at the tight end of terms and traded up a point in the grey.