Equity-linked pays off for Salzgitter and Tui Travel
Tui Travel proved that the equity-linked market is a viable option to refinance debt when it priced a £350m convertible bond on Tuesday, and the CB route is even available for first time issuers, as Salzgitter showed. The German steelmaker priced a Eu296m convertible bond on Tuesday, marking the company’s market debut. Are more first-timers set to follow? Find out in EuroWeek on Friday.
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