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Article: Belgian Euronav raises USD 125m with convertible bonds.
- Article from:
- ADP Debt News
- Article date:
- September 8, 2009
CopyrightCOPYRIGHT 2009 Aii Data Processing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(ADPnews) - Sep 8, 2009 - Belgian crude oil transport company Euronav NV (EBR:EURN) has raised USD 125 million (EUR 86m) with the issue of convertible bonds, while targeting an initial amount of up to USD 200 million.
The bonds, maturing in 2015 and placed with institutional investors outside the USA, were issued at 100% of their principal amount and bear an annual coupon of 6.5%.
The conversion price was set at EUR 16.28 per share and represents a ...