Safran offers new €800m convertible bond

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By Aidan Gregory
12 May 2020

Safran, the French aerospace and defence company, has joined the long list of companies that have tapped the equity-linked market for funding during the Covid-19 global pandemic, by placing a new €800m convertible bond on Tuesday.

The proceeds of the transaction are intended to shore up Safran’s balance sheet in response to a huge downturn in demand for aircraft engines as a result of the pandemic, which has plunged the aviation industry into crisis after a huge fall in the volume of passengers. ...

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