SG wraps up quickfire zero coupon convertible sale

SG completed the sale of the first zero coupon European equity-linked bond of 2002 in three hours as it sold a €1bn ($877m) bond exchangeable into shares in LVMH, the French luxury goods group.

The bond, which does not pay interest, was issued by Financière Agache, a holding company owned by Bernard Arnault, the head of LMVH. SG was the sole bookrunner, lead-manager and underwriter of the deal.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire