Voltalia’s maiden green convertible attracts strong bid

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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, ...

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