Autonomy builds war chest with £500m convertible

12 Feb 2010

Autonomy Corp, the UK software firm, on Wednesday raised £496.8m through a convertible bond issue with a view to building a war chest for acquisitions.

Books on the deal were more than three times covered and the offer was in part placed with straight equity funds, highlighting unabated interest in the equity linked product.

"Autonomy is a large business with a market capitalisation of close to £4bn," said one banker involved. "Although the ...

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.

Free Trial

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.

Oops, something went wrong

We're sorry but at the moment we can't load this data