Soitec issues €325m convertible bond

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By Aidan Gregory
28 Sep 2020

French semiconductor maker Soitec has returned to the equity-linked debt market with a new €325m five year convertible bond, after a rally in its share price since March.

The zero coupon bond was marketed at a conversion premium range of 40% to 50% above the volume-weighted average share price on Euronext Paris during bookbuilding.

Bookrunners sent a message to say  orders below a 45% premium, the midpoint of the initial range, risked missing out on ...

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