30 March 2022

BE Semiconductor Industries EUR 175m convertible bond

Josse Klijnsma
BE Semiconductors Industries successfully offered a EUR 175 million convertible bond with a coupon of 1.875% interest due in 2029. The transaction has been one of very few equity or equity linked offerings in Europe since the outbreak of the war in Ukraine. In order to capitalize on momentum, the deal was done in a couple of days from beginning to launch, record pace for a transaction like this. De Brauw advised the Trustee.