Trainline places debut £150m convertible

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By Aidan Gregory
07 Jan 2021

London-listed transport booking app Trainline has tapped the equity-linked market for the first time by issuing a £150m ($204m) convertible bond.

The five year bond will bolster Trainline’s balance sheet, following a collapse in train bookings during the Covid-19 pandemic. England and Scotland entered their third national lockdowns this week, restricting the movements of all citizens, while continental European countries are doing the same.

Trainline warned in November that ...

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