Taylor Wessing advises Grand City Properties S.A. on its successful placement of a EUR 150 million convertible bond
Taylor Wessing has advised Grand City Properties S.A. on its successful issue of EUR 150 million senior, secured five year convertible bonds convertible into new and/or existing ordinary shares in Grand City Properties. Following an accelerated book building process, the nominal coupon for the convertible bonds was fixed at 1.50 % p.a. J.P. Morgan was acting as Sole Global Coordinator, with Berenberg and Deutsche Bank as Joint Bookrunners, and Anoa Capital S.A.