Two banks running a new sale of convertible bonds for Club Méditerranée, the French specialist tour operator, look set to increase the size of the deal to €150m ($192m) from the original €130.4m after investors placed orders worth more than €900m.

Calyon, the French banking group created out of the merger of Crédit Agricole and Crédit Lyonnais, and Lazard-Ixis in France were the joint lead managers and bookrunners for the new bonds, which can be converted into Club Med shares.

Miles Costello

Crédit Agricole

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Investors rush for Club Med bonds

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