Talanx sells Eu300m pre-IPO convert, Meiji Yasuda buys
Talanx, the German insurance holding company that owns businesses including Hanover Re, has issued a Eu300m pre-IPO convertible bond structured as a hybrid tier one security. The bonds will convert into a low single-digit percentage of the firm’s share capital when Talanx completes its IPO which could happen as soon as next year.
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