Nexity continues new wave of European convertible issuance

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By Aidan Gregory
13 Apr 2021

Nexity has returned to the equity-linked market with the sale of a new €270m seven year convertible bond.

The unrated French property development company announced the bond offering on Tuesday morning.

BNP Paribas, Crédit Agricole and JP Morganare bookrunners.

The leads are marketing the bonds with an initial coupon range of 0.375% to 0.875%, and a conversion premium range of 40% to 45% ...

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