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Equity

Update: Shareholders support £100m Electra CB debut

Electra Private Equity made its convertible bond debut on Tuesday, raising £100m from a deeply subordinated seven year deal that gives it investment firepower without having to sell equity at a discount to its net asset value. It follows private equity funds SVG Capital and 3i into the convertible market. They sold £120m and £425m deals respectively in May 2008.

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