Ocado prints debut £600m convertible bond

Aidan Gregory

December 03, 2019 09:00 am

Ocado_PA_2_230x150 — November 30, 2019, Asuncion, Paraguay: Logo of Ocado Solutions, a client-focused business that provides services, technology and automation to grocery e-commerce businesses, is seen on a smartphone screen against UK-based Ocado Group logo, an online-only grocery retailer, unfocused on background. (Credit Image: © Andre M. Chang/ZUMA Wire) | Andre M. Chang/Zuma Press/PA Images

Ocado, the UK online grocer, has made its first foray into the equity-linked market with a £600m convertible bond due in 2025 to finance investment in its technology platform Ocado Solutions, which produces robotic warehouses for foreign partners.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

JP Morgan Equity UK Europe EMEA Goldman Sachs Equity-Linked

AG

Aidan Gregory