Industrivarden’s Eu450m convertible opens door for investment grade to take advantage

15 Jan 2010

Swedish holding company Industrivarden achieved highly favourable terms when it priced a Eu450m convertible bond this week.

The deal highlights the attractiveness of the equity-linked market for investment grade companies and follows a Sfr300m issue by property firm Swiss Prime last week, which, although unrated, was treated as investment grade by buyers.

"The terms on Industrivarden’s convert show that a lot of liquidity has built ...

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