France: Orpea raises €500m from convertible bond

Yves Le Masne, chief executive officer, Orpea

France-based long-term care group Orpea has raised €500m (US$560.4m) via what it has called a strongly successful a convertible bond. The eight year paper priced at 0.375% on the coupon and 47.5% for the premium. This was the tight end of the 0.375%-0.875% and 42.5%-47.5% guidance. The 2027s are callable after six years with a…

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