Shop Apotheke returns to CB market with "remarkable" deal

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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