Mining company Umicore yesterday (Thursday) sold a
Eu30m convertible bond lead managed by Citigroup. The bonds were
issued through an SPV, Allegro Investment Corp, with a 0.25% coupon
and an exchange price of Eu67.76, giving a conversion premium of
22.3% over yesterday’s share price of Eu55.40.
The bond has a 2009 maturity, but