Groupe Bruxelles Lambert crowns blockbuster week for European equity-linked deals
Groupe Bruxelles Lambert, the Belgian investment company, has launched a €750m bond exchangeable into shares in LafargeHolcim, the Swiss building materials company.
The zero coupon 3.33 year bonds are being marketed at an issue price of 101 to 102.5. They will be redeemed at par, implying a yield to maturity of -0.75% to 0.30%. The initial conversion premium range has been fixed at 30% to 35% above the volume