News in brief

09 Jan 2004

BELGIUM
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 ...

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