Unibail’s green-straight-CB combo shows green’s keen bid

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By Jon Hay
09 Apr 2015

Unibail-Rodamco, the Franco-Dutch property company, attracted huge demand this week for a unique financing that combined green bonds, conventional bonds and convertible bonds — as well as two separate liability management exercises, writes Jon Hay.

The deal showed Unibail’s clout in the market as an issuer — particularly on the convertible side, which was priced at very aggressive terms, confirming the company’s reputation for pushing the extremes of what is possible in the equity-linked market.

The €500m deal had a rare and punchy ...

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