Cable & Wireless, the UK telecommunications firm, has entered the equity capital markets for the second time this month with the sale of a £258m (€388m) convertible bond through JP Morgan.

JP Morgan is sole bookrunner and lead manager of the bond, and acts as financial adviser to Cable & Wireless. Cazenove is joint lead manager, and acted as financial adviser to the UK company in connection with the convertible bond.

Cable & Wireless launches second ECM deal in a month

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JP Morgan

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