GBL bags €420m as investors continue to scramble for CBs
Groupe Bruxelles Lambert, the Brussels-based industrial holding company, raised €420m through a convertible bond on Friday, seizing on near-perfect conditions for issuers in the equity-linked market.
The deal was launched on Friday morning, after some pre-sounding, with an initial conversion premium range of 30%-35%, and a yield to maturity range of 1.375%-1.875%. It was fully covered within the hour, at around 8am. Bankers told the market at 8.45am that orders off the best terms
...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
