Consfly Investments announces today the launch of an offering of EUR 100 million Secured Convertible Bonds by investor’s option.
At its sole discretion, the Company may increase the size of Offering up to EUR 150 million by exercising an increase option of up to EUR 50 million prior to or at the time of pricing.
The Bonds will be issued at an issue price equivalent to their nominal value (EUR 100 000 each) and will carry an annual coupon of 5,98 % payable semi-annually. On the maturity date and if the investor chooses to convert the Bonds into Shares, a premium of 30% will be added (for each convertible Bond the investor will receive 130 000 shares).
This offering when made are only addressed to, and directed in, member states of the European Economic Area (the EEA), at persons who are “Qualified Investors” within the meaning of articles 2(1)(E) of the prospectus directive 2003/71/EC and its amendments.
Additionally the Bondholders will have the right to request an early redemption on the 3rd and/or 4th anniversary of the issuance, at the redemption amount plus all the remaining interest payments to and including the maturity date.