The investment funds team at Lawrence Graham LLP ("LG"), the international business law firm, has advised existing client Dolphin Capital Investors Limited ("Dolphin") on the issue of €50 million of Euro convertible bonds.

The bonds have a five-year term with a 5.50% coupon per annum and, in due course, can be converted into Dolphin shares at an initial conversion price of €0.5737 per share. All of the bonds have been settled through the US DTC settlement system.

The LG team advising Dolphin was lead by corporate partner John Reed.

John said: "Following the €50 million equity issue undertaken by Dolphin in 2012, this further convertible bond issue demonstrates the continued strong appetite for Dolphin from investors".

http://www.lg-legal.com/news/2013/04/05/lg-advises-on-dolphin-capital-i…