Investors like Safilo as CB prices at tight end

safilo
By Nina Flitman
15 May 2014

Eyewear firm Safilo became the fourth Italian mid-cap company to tap the equity-linked market on Thursday, raising €150m through a convertible bond as part of its €300m refinancing process.

The deal follows a  transaction from car components firm Sogefi on Wednesday, which saw the company raise €100m through the sale of 2021 2% bonds.

“A few years ago, the Italian mid-market would not be a source of equity-linked primary issuance and it would only been used ...

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