Global Fashion Group SA Convertible
Global Fashion Group S.A. operates online fashion stores. The firm operates through the following segments: APAC, LATAM and CIS. The APAC segment operates under two brands: ICONIC and ZALORA. The LATAM segment operates under the Dafiti brand in Brazil. The CIS segment operates under the Lamoda brand in Russia. It offers apparel, accessories, shoes, and beauty products for men and women.
Ticker: GFG GY
Country: Luxembourg
Sector: E-Commerce
Listing: Regulated Market of Frankfurt Stock Exchange
Coupon range: 0.500%-1.250% (s.a.)
Conversion premium range: 40.00%-45.00%
Issue price: 100% of the principal amount
Maturity: 7 years
Final pricing terms: EUR 375m at 1.250% coupon and 42.50% conversion premium
Concurrent delta placing: yes
Use of proceeds: The Company intends to use the net proceeds from the issue of the Convertible Bonds to support the Company’s continued growth strategy, for general corporate purposes and to pursue strategic opportunities that may arise
Berenberg Role: Co-Bookrunner
Timing:
- Launch: 3 March 2021
- Pricing: 4 March 2021
Bigben Interactive SA
Bigben Interactive is a leading European player in video game development and publishing, in design and distribution of smartphone and gaming accessories as well as in audio products.
Ticker: BIG FP
Country: France
Sector: Media (Gaming)
Listing: Regulated Market of Euronext Paris
Underlying: Nacon SA (Nacon FP)
Exchange premium range: 20.00%-25.00%
Coupon: 1.00%-1.25% (s.a.)
Issue price: 100% of the principal amount
Maturity: 5 years
Final pricing terms: 1.125% coupon, 20.0% exchange premium
Use of proceeds: Financing of working capital requirements, organic growth and potential acquisitions as well as in order to finance the share buyback program of the issuer
Berenberg Role: Joint Global Coordinator & Joint Bookrunner
Syndicate: Berenberg, BNP Paribas, TP ICAP (Joint Global Coordinators & Joint Bookrunners)
Timing:
- Launch: 12 February 2021
- Pricing: 12 February 2021