IWG issues debut convertible to fund M&A

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By Aidan Gregory
02 Dec 2020

IWG, the London-listed operator of serviced offices and co-working spaces, has issued a £350m convertible bond as it prepares to take advantage of opportunities as the UK economy reopens after lockdown.

IWG, formerly known as Regus, said in a regulatory filing on Tuesday morning that it plans to pursue M&A opportunities in 2021, following strong operational performance during the pandemic.

An unrated issuer, IWG intends to use the proceeds of its debut seven year convertible bond to finance these ...

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