announcement by eurotunnel of 1.46bn euros hybrid(convertible to shares -50% in yr3 ,25%yr4,25% yr5), 6% coupon arranged by Goldman Sachs, Barclays & MBL.
Major dilution for existing eurotunnel sahreholders who have to approve this new debt structure.
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MBL
macquarie bank limited
eurotunnel update, page-2
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