Aegis, the UK media and marketing research company, brought some relief to the European equity-linked market as it completed its sensibly priced Eu165m issue this week. SG, which was sole bookrunner for the offering, went out with an initial deal size on Tuesday morning of Eu150m. The four year bond, which has a fixed coupon of 2%, attracted strong demand from equity-linked investors, enabling SG to close the books within three hours, with the deal covered 16 times. The strong interest in the issue enabled Aegis to exercise the Eu15m greenshoe yesterday (Thursday).
April 19, 2002