PORR AG launches up to €150M hybrid convertible bond
PORR AG launched an up to €150M deeply subordinated perpetual convertible bond for institutional investors, with a 2.5%–3.0% coupon and a 30 Sep 2031 reset. The company also plans a concurrent ABB of existing shares for hedge short sales.
0% coupon to the 30 Sep 2031 reset. The company also announced a concurrent ABB of existing shares for hedge short sales.