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Delfin raises €97m through FdR convertible ABB

Delfin, a European investment firm, raised €96.8m through the sale of convertible bonds issued by Foncière des Régions through a bookbuild on Tuesday night, pricing the deal at a small discount. It is one of the few investors in recent years to take advantage of the structure, which is popular with issuers and vendors, but bankers said that it is unlikely to catch on.

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