Global Fashion Group places debut convertible

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By Aidan Gregory
04 Mar 2021

Global Fashion Group, the Frankfurt-listed online fashion retailer focused on emerging markets, has successfully issued its debut convertible bond, despite volatility caused by a selloff of technology stocks in the United States.

The Nasdaq closed 2.7% lower on Wednesday. The technology-heavy index has now dropped 6.2% over the past month following tremors in the bond market sparked by concern about rising inflation.

“We brought GFG yesterday and we were very careful,” said a source close to the transaction. “It is ...

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