Last nightÆs version has much more attractive terms, however, including a lower conversion premium and a significantly higher yield. But more importantly, it has an altogether cleaner structure û having got rid of the coupon and conversion premium step-ups - and contrary to last time gives investors full compensation for the special dividend that the company will pay after selling two of its coal mines.
This did the trick - the deal was more than three times covered and attracted...
¬ Haymarket Media Limited. All rights reserved.
