Complex Cable & Wireless convert a £230m hit

November 18, 2009 12:00 am

Bankers had to prepare investors well for the £230m convertible of telecoms business Cable & Wireless this week. The structure was one of the equity-linked market’s most complicated but the prepatory work paid off with the bonds priced below the indicated coupon range and the greenshoe option exercised. Read more in EuroWeek on Friday.

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