Rare euro CB entices

摘要

Australia's cromwell property croup reopened Asia-Pacific's convertible bond market last week with a €150m (US$170m) offering, the region's first euro-denominated convert since 2007. The CB, also the first from an Aussie property company since June 2011, will fund Crowell's acquisition of Valad Europe, a real-estate fund manager. The rarity of such a bond from a country where natural resources companies are the more likely issuers proved enticing to investors.