London Mining perks up after debut CB
EMEA equity-linked issuance continued this week with a $115m debut bond for AIM-listed London Mining bringing the total raised in the year to date at $1.59bn — more than many in the market had hoped for but some way short of the $2.73bn raised at this time last year.
Bookrunners JPMorgan Cazenove and mining and natural resources specialist Liberum Capital had been planning London Minings issue for some time.
The concept of an equity-linked bond made sense, said a banker familiar with the deal. There is clearly plenty of demand for convertibles at the moment and the
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