Real estate company takes a lead in convertible restructuring

Austrian real estate group Immofinanz announced an innovative restructuring deal yesterday in the convertible bond market that could spark a trend as European companies seek alternative sources of funding or ways to tackle balance sheet problems.

Bankers and analysts predict a rise in convertible bond restructurings in the next three months as a means for European companies to reduce debt and strengthen their equity positions.

WSJ Logo
JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions