deutsche-buys-140-million-of-tcl-multimedia-cbs

Deutsche buys $140 million of TCL Multimedia CBs

Based on past practices, the bank is expected to keep part of the investment and syndicate the rest.
Investors got a rare glimpse into the private world of principal investing yesterday when TCL Multimedia Technology Holdings published an announcement saying Deutsche Bank had bought $140 million worth of bonds convertible into shares of the company.

While Deutsche Bank would normally have kept this kind of investment quiet, TCL was required to issue a statement because the investment would account for between 42% and 70% of its existing share capital if the bonds are fully converted.

This latest investment by Deutsche Bank comes less than a week after it bought $200 million worth of high-premium convertible bonds of Indian wind turbine company Suzlon Energy for its own books and then, in an unusual move,...
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