Voltalia’s maiden green convertible attracts strong bid

By Aidan Gregory
06 Jan 2021

Europe’s primary equity-linked market has reopened for 2021, with a debut €200m green convertible bond issued by Voltalia, the French renewable energy company.

The bond was launched after the market closed on Tuesday evening, following a wall-crossing exercise alongside a delta equity placement to facilitate the hedging of the securities by certain funds.

Voltalia’s share price has almost doubled over the past year, giving the company a market capitalisation of €2.3bn, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial