Artemis hits target: cheap funding with no dilution

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

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Artemis hits target: cheap funding with no dilution

Jon Hay
September 22, 2017 05:00 PM
Kering Gucci from PA 230x150
Model walks on the runway during the Gucci Fashion Show during Milan Fashion Week Spring Summer 2018 held in Milan, Italy on September 20, 2017. (Photo by Jonas Gustavsson/Sipa USA) | Jonas Gustavsson/SIPA USA/PA Images

Artemis, the Pinault family holding company that owns €17bn of shares in Kering, the French luxury goods group, raised €383m on Tuesday with an innovative equity-neutral exchangeable bond, in which Crédit Agricole acts as an extra counterparty to investors.

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BNP ParibasNatixisEquityEuropeCrédit AgricoleFranceEMEACorporate BondsSociété GénéraleEquity-Linked
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