Agrogeneration plans to raise about €65 million via convertible bonds (OSRANE) issue guaranteed by major bondholders. The objective of the issuance is to replace existing debt amounting to about €55 million and to raise €10 million in cash. Convertible bonds planned to be issued with preferential subscription rights with ratio of 192 new and existing shares for 1 bond. Nominal value of convertible bonds is 100 euros, with a fixed rate of 8 percent, maturity date is 2019.
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