France: Korian sells €400m convertible bonds

Korian Group, Europe’s largest retirement home operator, has sold €400m (US$452.6m) convertible bonds at the wide end of guidance. The bonds will be issued at par and their nominal unit value has been set at €61.53 which is a 55% premium above the company’s share reference price. The paper priced at 0.875% which is at…

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