Zur Rose reopens European equity-linked bond market

By Aidan Gregory
26 Mar 2020

Zur Rose, a Swiss online pharmacy group, revived the primary equity-linked bond market in Europe this week, issuing a debut Sfr175m five year convertible bond as demand for its services increases amid the Covid-19 crisis.

It is the first equity-linked bond to be issued in Europe in over four weeks, following the onset of a global equity market selloff due to the spread of the Covid-19 coronavirus.

It launched the CB early on Thursday morning, after a wallcrossing exercise, with an initial ...

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