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FBD Private Placement


TwoCitiesCapital

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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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