Michelin pockets $600m of cheap funding with equity-neutral CB

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

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Michelin pockets $600m of cheap funding with equity-neutral CB

Aidan Gregory
January 05, 2018 03:00 PM
Michelin PA 230x150
The Michelin truck tyre factory in Ballymena where staff were sent home earlier today after its closure was announced - a move which is set to cost 860 jobs. | Niall Carson/PA Archive/PA Images

Michelin, the French tyre maker, crowned an interesting first week of the year for Europe's equity-linked bond market on Friday with a $600m equity-neutral convertible bond due in 2023.

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JP MorganBNP ParibasEquityEuropeFranceEMEAHSBCSociété GénéraleEquity-Linked
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