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Impala Platinum Holdings, the South African platinum mining company, has launched a tender offer for half its outstanding rand-denominated convertible bonds.
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Smartphone maker Xiaomi Corp pocketed $3.96bn this week from a record top-up placement and concurrent convertible bond issue. Investors flocked to the transaction for its rarity value, investment grade rating and the offer of a liquid and volatile stock. Jonathan Breen reports.
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IWG, the London-listed operator of serviced offices and co-working spaces, has issued a £350m convertible bond as it prepares to take advantage of opportunities as the UK economy reopens after lockdown.
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Chinese smartphone maker Xiaomi Corp has raised $3.96bn from a concurrent top-up placement and convertible bond issue.
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The recent strong run of equity-linked issuance in EMEA continued on Monday night with a €200m tap by French payments company Worldline of its 2026 convertible bonds.
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French hotels group Accor this week became the latest issuer to tap the convertible bond market for financing in the wake of the rally in value stocks following positive Covid vaccine news in early November.