Latest EMEA Equity-Linked news

• SoftBank derisks Wirecard investment with startling CB arb

  

  SoftBank, the Japanese technology conglomerate, astonished equity-linked bond market participants this week by executing a deft trade, arranged by Credit Suisse, that recovered all its €900m investment in Wirecard, the controversial German payments processing company, while leaving it with upside. Aidan Gregory and Jon Hay report.

  • 19 Sep 2019

• European equity-linked revival continues with new Ubisoft CB

  

  Ubisoft Entertainment, the French video games developer behind Far Cry and Assassins Creed, issued a five year €526m convertible bond, adding to the wave of issuance in Europe over the past fortnight.

  • 18 Sep 2019

• US companies pile into convertible bonds

  

  US firms are turning to the convertible bond market in droves in order to issue cheap debt before a potential global economic downturn.

  • 17 Sep 2019

• Alibaba drives Best CB debut on NYSE

  

  Chinese logistics company Best has sealed a $175m convertible bond, benefitting from a jumbo anchor order from Alibaba Group Holding.

  • 16 Sep 2019

• JP Morgan issues new €400m LVMH synthetic

  

  JP Morgan this week issued a €400m cash-settled exchangeable on LVMH, the French luxury goods conglomerate, in its latest synthetic outing, raising cheap funding while possibly hedging a derivatives transaction.

  • 11 Sep 2019

• MTU Aero Engines monetises bull run with €515m convert

  

  MTU Aero Engines, the German maker of aircraft engines, has issued a €515m convertible bond before being promoted to Germany’s Dax benchmark index later this month.

  • 10 Sep 2019

• Groupe Bruxelles Lambert crowns blockbuster week for European equity-linked deals

  

  Groupe Bruxelles Lambert, the Belgian investment company, has launched a €750m bond exchangeable into shares in LafargeHolcim, the Swiss building materials company.

  • 06 Sep 2019

• Equity-linked bankers expect busy September

  

  Europe’s equity-linked market restarted with a bang this week, with more than €1.3bn of new supply. A scarcity of deals throughout this year and fears of a deteriorating economic outlook in the region are fueling a strong bid among investors for convertible bonds, particularly those issued by investment grade companies.

  • 05 Sep 2019

• Investors throng WuXi AppTec’s $300m CB

  

  WuXi AppTec took advantage of an incredible rally in its stock price and its rarity in the equity-linked market to raise $300m from a convertible bond that was a huge hit with investors. Rashmi Kumar reports.

  • 04 Sep 2019

• Edenred gets ‘free money’ with debut convert

  

  Edenred, the French provider of corporate vouchers, has reopened the European equity-linked market after the summer with a €500m sale of convertible bonds due in 2024 that attracted more than 100 investors, according to sources close to the transaction.

  • 03 Sep 2019

Equity-Linked news archive