Shop Apotheke returns to CB market with "remarkable" deal

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By Aidan Gregory
14 Jan 2021

Shop Apotheke, the European online pharmacy, is seeking to tap the convertible bond market for financing once again following a large surge in revenues during the pandemic.

Technology, e-commerce and healthcare stocks have thrived as a result of Covid-19. Shares in Shop Apotheke have more than tripled in value over the past 12 months, giving the company a market capitalisation of €2.8bn.

The new zero-coupon €200m eight-year bonds are being marketed at a conversion premium of ...

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