Post by ODDO BHF

Two landmark equity-linked transactions driven by Commerzbank AG in cooperation with ODDO BHF ⬇️   We are pleased to announce the successful execution of two standout transactions:   ➡️ K+S Group AG Commerzbank AG in cooperation with ODDO BHF acted as Joint Global Coordinator on K+S’s inaugural €320m convertible bond issuance due 2031. The transaction was met with strong investor demand and priced on attractive terms, including a 35% conversion premium and a 0.625% coupon.   This transaction marks a significant milestone for K+S, representing its debut in the convertible bond market and plans to use the bond proceeds to finance the recently announced acquisition of Qemetica's salt business in Poland and Germany.   ➡️ RAG-Stiftung / Evonik   RAG-Stiftung successfully placed a €375m exchangeable bond into Evonik shares due 2031, executed by Commerzbank AG in partnership with ODDO BHF as Active Co-Bookrunner.   Both transactions attracted robust investor interest, highlighting continued confidence in high-quality European issuers and the strength of the equity-linked market.   We are grateful to K+S and RAG-Stiftung for placing their trust in the ODDO BHF Equity Alliance for these important capital markets transactions.   The ODDO BHF Equity Alliance includes ABN AMRO Bank N.V., BBVA Corporate & Investment Banking, Commerzbank AG, Natixis Corporate & Investment Banking and Raiffeisen Bank International AG.   #ODDOBHF #ECM #ExchangeableBonds #ConvertibleBonds #EquityAlliance #CapitalMarkets