Brief: Global Fashion Group Places EUR 375 Million Convertible Bonds Due 2028

Global Fashion SA

04/03/2021 07:04

March 4 (Reuters) - GLOBAL FASHION GROUP SA  GFG.DE :
    * SUCCESSFULLY PLACES EUR 375 MILLION CONVERTIBLE BONDS DUE
2028
    * IN AN AGGREGATE PRINCIPAL AMOUNT OF EUR 375 MILLION,
DIVIDED
INTO 3,750 BONDS IN A NOMINAL AMOUNT OF EUR 100,000 EACH
    * CONVERTIBLE BONDS WILL BE ISSUED AT 100% OF THEIR
PRINCIPAL
AMOUNT WITH A COUPON OF 1.25% PAYABLE SEMI-ANNUALLY IN ARREARS
    * INITIAL CONVERSION PRICE AMOUNTS TO EUR 17.9550,
REPRESENTING A
CONVERSION PREMIUM OF 42.5% ABOVE REFERENCE PRICE OF EUR 12.60

Source text for Eikon:  ID:nEQ6WtpjQa 
Further company coverage:  GFG.DE 

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