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Fresenius to Sell EU375m Equity-Neutral Convertible 2019 Bonds 2014-03-18 06:47:33.679 GMT
By Jurjen van de Pol March 18 (Bloomberg) -- Fresenius to issue bonds at par, sees coupon 0.10%-0.90%, according to e-mailed statement. * Says conversion price 35% above reference shr price * To buy call options to hedge exposure under conversion rights so it won’t need to issue new shares at maturity * Says issuance is final funding step for acquisition of hospitals from Rhoen-Klinikum
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To contact the reporter on this story: Jurjen van de Pol in Frankfurt at +49-69-9204-1104 or jvandepol@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net