Folli Follie issues Greece's first post-crisis CB

By Andrew Griffin
26 Jun 2014

Folli Follie, a Greek company that makes and retails women’s jewellery and bags, raised €250m through a convertible bond on Tuesday, the first equity-linked deal from the country since before the financial crisis.

Bankers said that the transaction represents a landmark in the country’s turnaround, even if it was unlikely that other corporates would be able to follow it into the market.

Without any useful peers to price the deal against, bankers looked primarily to the company’s financial results to market ...

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