Elite name LVMH wins scorching terms with $600m synth-CB

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Elite name LVMH wins scorching terms with $600m synth-CB

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The exceptionally advantageous terms issuers can get in the convertible market — and the product’s appeal to the bluest of blue chip names — were highlighted again on Thursday when LVMH Moët Hennessy Louis Vuitton, the French luxury goods group, raised $600m at a deeply negative yield.

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