TwoCitiesCapital Posted September 16, 2015 Posted September 16, 2015 http://www.agriland.ie/farming-news/fbd-raises-e70m-through-agreement-with-fairfax/ Fairfax to receive EUR 70M of 10 year convertible notes at 7% coupon. Will receive a 12% coupon in the interim from today up through 7 days past shareholder approval of issuing convertible debt. Not going to move the needle much, but 7-12% on convertible debt isn't bad in this environment.
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