Convertibles speed ahead with €1bn Zalando deal

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By Sam Kerr
30 Jul 2020

Zalando, the German e-commerce company, issued a debut €1bn dual-tranche convertible bond on Wednesday night, extending a busy week for the European market with more deals on the way.

JP Morgan and Morgan Stanley were the global co-ordinators on the deal. BNP Paribas and UniCredit were the bookrunners.

The bonds were sold in five and seven year tranches.

The five year bonds, which mature on August 6, 2025, were issued with a 0.05% coupon, the bottom of an ...

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