RAG Stiftung sells new Evonik exchangeable bond

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RAG Stiftung sells new Evonik exchangeable bond

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Stand of Evonik. The Bauma is the most important construction fair in the world and the biggest fair in general. It takes place from 8.4.2019 - 14.4.2019 in Munich. (Photo by Alexander Pohl /Sipa USA) (Photo by Alexander Pohl/Sipa USA) | Alexander Pohl/SIPA USA/PA Images

RAG Stiftung, the foundation set up by the German government to finance the discontinuation of coal mining in the Ruhr region, has issued a new €500m bond exchangeable into shares in speciality chemicals producer Evonik Industries, reopening the equity-linked bond new issue market in Europe after a lull since the end of May.

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