FdR launches CB on busy equity-linked morning
Foncière des Règions (FdR) raised €345m through a convertible bond on Tuesday morning. The busy sector and strong appetite in the market helped the deal to be priced at the best terms for the issuer.
FdR, the French property company, raised €345m through the issue of 2019 convertible bonds. Investors were encouraged by a run of successful equity-linked deals for property companies in 2013, said one equity-linked specialist.The deal was launched with an initial coupon range of 0.875%-1.625%, and conversion premium guidance of ...
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