Convertible bonds diverge on pricing as market re-opens

By Andrew Griffin
24 Apr 2014

Two contrasting equity-linked issuers received very different receptions as the convertible bond market re-opened this week.

Norwegian seafood firm Marine Harvest raised €375m from a convertible bond on Thursday, pricing the deal at the most aggressive terms after a much tougher transaction almost exactly a year ago.

The tight pricing on Marine Harvest’s deal contrasted with Spanish builder Sacyr Vallehermoso, which completed a two-pronged €416m ...

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