Trainline places debut £150m convertible

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 ...Already a subscriber? Login