Nexi issues second convertible bond, raising €1bn

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By Aidan Gregory
17 Feb 2021

Italian payments company Nexi has issued a new €1bn convertible bond to refinance its acquisition of Nets, a Danish competitor.

The transaction was launched after the market close in Milan on Tuesday evening, alongside a simultaneous delta equity placement to facilitate the hedging of the convertible bonds by funds in the deal.

Bank of America Securities, JP Morgan and HSBC were global co-ordinators.

The ...

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