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Basic Fit, the Dutch operator of low-cost gyms, has issued a €303.7m convertible bond as it prepares for growth opportunities following the reopening of all of its fitness centres this week following more than a year of lockdowns caused by the pandemic.
By Aidan Gregory 03.00 PM Edenred, the French provider of pre-paid corporate vouchers, has become the latest European company to sell a sustainability-linked convertible bond, replicating the structure that has become popular in the straight bond market. Already a subscriber? Login
10.00 AM French engineering company Vallourec has unveiled plans for a €300m rights issue to help return its balance sheet to a sustainable footing, following a recovery in oil industry after the slump in demand caused by the Covid-19 pandemic. Already a subscriber? Login
French engineering company Vallourec has launched its €300m rights issue, a crucial part of its restructuring, which will help return its balance sheet to a sustainable footing, but leave Apollo and Strategic Value Partners, creditors of the firm, as the largest shareholders.
By Aidan Gregory 11.00 AM French digital music company Believe has fixed the terms for its €300m IPO on Euronext Paris, after scaling back the deal size amid a challenging market for new stockmarket listings in Europe. The price range has been set at €19.50 to €22.50, implying a post-money market capitalisation of €1.87bn to €2.11bn. The IPO consists entirely of €300m new shares sold by Believe - a smaller deal size than initial €500m outlined in Believe’s document de base last month.Fonds ... Already a subscriber? Login