11th Dec 2024 12:08
Alphawave IP Group PLC - London-based designer of high-speed connectivity solutions - Prices an issue of USD150 million in senior unsecured convertible bonds due 2030. The bonds will carry a coupon of 3.75% per annum. They can be converted into Alphawave IP shares at an initial conversion price of USD1.94 per share, which is a 30% premium to the price of USD1.49 that was received for a placing of 21.0 million existing Alphawave shares by some buyers of the bonds. Barclays Bank PLC was sole global coordinator and joint bookrunner for the bond offer, and BMO Capital Markets Ltd was joint bookrunner. Read More
