Latest EMEA Equity-Linked news

• Impala Platinum wraps up CB tender offer after improving terms

  

  Impala Platinum Holdings, the South African mining company, expects to successfully close the tender offer to convert its 2.25% June 2022 convertible bonds into stock, after sweetening the terms of the offer last week, according to a source close to the transaction.

  • 22 Jul 2019

• Resurgent Impala Platinum offers CB investors early conversion to cut debt

  

  Impala Platinum Holdings, the South African platinum mining company, has launched a tender offer to convert its outstanding 3.25% $250m June 2022 convertible bonds into equity, after a massive rally in its share price over the last year.

  • 17 Jul 2019

• Khazanah bags $500m from zero coupon EB

  

  Malaysian sovereign wealth fund Khazanah Nasional has managed to raise $500m from a tightly priced zero coupon exchangeable bond.

  • 12 Jul 2019

• Cembra Money Bank turns to ECM to fund Cashgate merger

  

  Cembra Money Bank, the Swiss financial services company, struck a Sfr277m ($281m) deal to acquire Cashgate on Monday, a Swiss consumer leasing and credit provider, from Aduno Holdings.

  • 02 Jul 2019

• ECB dashes hopes of equity-linked recovery

  

  Equity-linked bankers said this week that European Central Bank president Mario Draghi has ended their slim hopes of a meaningful revival in convertible bond issuance this year, after he said he could cut interest rates and resume buying bonds if eurozone growth fails to pick up.

  • 27 Jun 2019

• Qudian rides on strong credentials for $300m CB

  

  Chinese online lender Qudian benefitted from active engagement with equity-linked investors to explain its business and growth potential to raise $300m from a popular convertible bond.

  • 27 Jun 2019

• Qudian sets the stage for $250m CB

  

  New York-listed Qudian is seeking $250m from a convertible bond, with the company entering into capped call transactions with investment banks — an increasingly popular tool being used by issuers recently.

  • 26 Jun 2019

• Luye Pharma boosts convertible to $300m

  

  Hong Kong-listed Luye Pharma Group sealed a convertible bond on Monday night, raising $300m from the increased deal.

  • 25 Jun 2019

• IAG roadshows for new €500m bond to fund CB tender

  

  International Consolidated Airlines Group (IAG) is running a tender offer for its outstanding €500m 0.25% convertible bonds due in November 2020 and is considering replacing the CBs with new euro-denominated senior unsecured bonds.

  • 24 Jun 2019

• Berlin rent freeze sends shivers through German housing finance

  

  A corner of Europe’s capital markets that up to now has offered both stability and growth — German housing companies — has been thrown into turmoil by a five year rent freeze on all housing, proposed by the State of Berlin, write Silas Brown, Aidan Gregory and Jon Hay.

  • 20 Jun 2019

Equity-Linked news archive