Specialist Capital Markets Services

ConvEx is an independent firm providing calculation agency, independent expert opinions and valuation services for equity-linked instruments, capital securities, callable bonds, derivative transactions, employee compensation plans and other public and private capital market transactions.

Home

Our Services

Calculation Agency

Calculation Agency

Learn more Learn more
Independent Expert Opinions

Independent Expert Opinions

Learn more Learn more
Valuation

About

ConvEx is an independent firm providing specialist capital markets services on a wide range of financial instruments.  

The firm was originally set up to provide calculation agency services to issuers of convertible and exchangeable bonds, a market on which ConvEx has been the reference calculation agent globally for more than 10 years.  

Over time ConvEx expanded its offering to provide calculation agency on other financial instruments (capital securities, callable bonds, warrants, derivatives, employee compensation plans and complex / bespoke transactions) as well as other specialist capital markets services (independent expert opinions and valuations).

750+

transactions

Recommended by investment banks, financial advisers and law firms to their clients needing specialist support

40+

countries

We serve clients based all around the world – in EMEA, Asia Pacific and the Americas

US$350 billion+

of capital

Issuers and investors have trusted us for accurate and timely calculations on hundreds of billions worth of transactions to date

13+

Years

Founded in 2012 by capital markets bankers with extensive experience across the capital structure

SELECTED RECENT TRANSACTIONS

MORE
October 2025
Germany
Salzgitter Aurubis

Exchangeable Bond

€500 Million

Calculation Agent

October 2025
Germany
Alstria bond Oct 2025

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

September 2025
France
Exail Technologies – CB 2025

Convertible Bond

€300 Million

Calculation Agent

September 2025
France
Saur – Fixed Rate Bond 2025

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

September 2025
France
Schneider Electric – CB 2025

Convertible Bond

€750 Million

Calculation Agent

September 2025
Spain
CaixaBank – AT1 2025 II

Additional Tier 1 Securities

€500 Million

Conversion Calculation Agent

September 2025
Germany
Lufthansa – CB 2025

Convertible Bond

€600 Million

Calculation Agent

September 2025
Netherlands
ING – AT1 2025

Additional Tier 1 Securities

US$1.5 Billion

Conversion Calculation Agent

August 2025
Germany Netherlands
Qiagen – CB 2025

Convertible Bond

US$750 Million

Calculation Agent

September 2025
France
Elis – Fixed Rate Bond 2025

Fixed Rate Bonds

€350 Million

Calculation Agent – Make-Whole Call

August 2025
Australia
Centuria – CB 2025

Convertible Bond

A$325 Million

Calculation Agent

August 2025
Australia
Flight Centre – CB 2025

Convertible Bond

A$450 Million

Calculation Agent

August 2025
UK
Stonegate Group – MWC 2025 II

Asset Backed Notes

£190 Million

Financial Advisor – Make-Whole Call

July 2025
USA
Enovix – Warrants 2025

Warrants

US$242 Million

Calculation Agent

June 2025
France
Artemis / Kering – NDEB 2025

Non-Dilutive Exchangeable Bond

€400 Million

Calculation Agent

June 2025
France
BNP Paribas – AT1 June 2025

Additional Tier 1 Securities

US$1.5 Billion

Conversion Calculation Agent

June 2025
France
Legrand – CB 2025

Convertible Bond

€800 Million

Calculation Agent

May 2025
Germany
ZF – Fixed rate bond 2025

Fixed Rate Bonds

€1.25 Billion

Calculation Agent – Make-Whole Call

June 2025
France
Publicis – Fixed Rate Bonds 2025

Fixed Rate Bonds

€1.25 Billion

Calculation Agent – Make-Whole Call

May 2025
France
Mercialys – Fixed Rate Bond 2025

Fixed Rate Bonds

€300 Million

Calculation Agent – Make-Whole Call

May 2025
Netherlands
Euronext – Convertible Bond 2025

Convertible Bond

€425 Million

Calculation Agent

May 2025
Lithuania
Akropolis – MWC 2025

Fixed Rate Bonds

€300 Million

Determination Agent – Make-Whole Call

May 2025
USA
Uber / Aurora – EB 2025

Exchangeable Bond

US$1.15 Billion

Calculation Agent

May 2025
UK
Stonegate Group – MWC 2025

Asset Backed Notes

£190 Million

Financial Advisor – Make-Whole Call

May 2025
Germany
Vonovia – Convertible Bonds 2025

Convertible Bond

€1.3 Billion

Calculation Agent

May 2025
Lithuania
Akropolis – Fixed Rate Bond 2025

Fixed Rate Bonds

€350 Million

Calculation Agent – Make-Whole Call

2025
France
Inventiva – Warrants 2025-1

Warrants

€116 Million

Calculation Agent

May 2025
France
Iventiva – Warrants 2025-2

Warrants

€59 Million

Calculation Agent

April 2025
Turkiye
Turkey – Private transaction 2025

Exchangeable Bond

€150 Million

Calculation Agent

April 2025
Germany
Redcare Pharmacy CB 2025

Convertible Bond

€300 Million

Calculation Agent

April 2025
France
DBV Technologies – Warrants 2025

Warrants

€245 Million

Calculation Agent

April 2025
Finland
Faron – Convertible Bond 2025

Convertible Bond

€15 Million

Calculation Agent

March 2025
UK
Aviva – RT1 2025

Restricted Tier 1 Notes

£500 Million

Conversion Calculation Agent

March 2025
Spain
Iberdrola – Equity-Linked Bond 2025

Non-Dilutive Convertible Bond

€400 Million

Calculation Agent

March 2025
France
Credit Agricole Assurances – RT1 2025

Restricted Tier 1 Notes

€750 Million

Conversion Calculation Agent

March 2025
Germany
Alstria – Fixed Rate Bond 2025

Fixed Rate Bonds

€500 Million

Calculation Agent

March 2025
Germany
TAG Immobilien – CB 2025

Convertible Bond

€332 Million

Calculation Agent

March 2025
Germany
Fresenius / Fresenius Medical Care – EB 2025

Exchangeable Bond

€600 Million

Calculation Agent

February 2025
France
Pernod Ricard – Fixed Rate Bond 2025

Fixed Rate Bonds

€800 Million

Calculation Agent

February 2025
France
Vinci – Non-dilutive CB due 2030

Non-Dilutive Convertible Bond

€400 Million

Calculation Agent

February 2025
Germany
Infineon – Fixed Rate Bond 2025

Fixed Rate Bonds

€750 Million

Calculation Agent

January 2025
Canada
Hydro Quebec – Libor transition 2025

Perpetual Subordinated Notes

US$400 Million

Independent Advisor – LIBOR Transition

January 2025
Germany
LEG / BCP – MWC 2025

Inflation-Linked Bonds

NIS150 Million

Financial Advisor – Make-Whole Call

January 2025
Spain
CaixaBank – AT1 2025

Additional Tier 1 Securities

€1 Billion

Conversion Calculation Agent

January 2025
France
Orange – TDIRA Valuation

Perpetual Convertible Bonds

€618 Million

Independent Valuer

January 2025
UK
Standard Chartered – AT1 2025

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

December 2024
France
Samsic – 2 Fixed Rate Bonds 2024

Fixed Rate Bonds

€105 Million

Calculation Agent

December 2024
UK
Alphawave Semi – CB 2024

Convertible Bond

US$150 Million

Calculation Agent

December 2024
Luxembourg
Arcelor Mittal – 2 Fixed Rate Bonds 2024

Fixed Rate Bonds

€1 Billion

Calculation Agent

October 2024
Luxembourg
Deutsche Bank – LIBOR 2024

Floating Rate Notes

US$132 Million

Independent Advisor – LIBOR Transition

October 2024
Austria
CA Immo – Green Fixed Rate Bond 2024

Green Bond

€350 Million

Calculation Agent – Make-Whole Call

October 2024
Canada
RBC – LIBOR 2 – Oct 2024

Floating Rate Notes

US$300 Million

Independent Advisor – LIBOR Transition

October 2024
Canada
RBC – LIBOR 1 – Oct 2024

Floating Rate Notes

US$20 Million

Independent Advisor – LIBOR Transition

October 2024
France
Saur – Fixed Rate Bond 2024

Fixed Rate Bonds

€550 Million

Calculation Agent – Make-Whole Call

October 2024
UK
Citi – Reset determination 2024

Reset Notes

£20 Million

Financial Advisor

October 2024
UK
GKN – MWC 2024

Fixed Rate Bonds

£300 Million

Determination Agent – Make-Whole Call

September 2024
Australia
Webjet – IA Opinion 2024

Convertible Bond

A$250 Million

Independent Advisor

September 2024
Greater China
BoCom Leasing – LIBOR – 2 – Sep 2024

Floating Rate Notes

US$450 Million

Independent Advisor – LIBOR Transition

September 2024
Greater China
BoCom Leasing – LIBOR – 1 – Sep 2024

Floating Rate Notes

US$500 Million

Independent Advisor – LIBOR Transition

September 2024
Australia
National Storage – Exchangeable Notes 2024

Exchangeable Bond

A$300 Million

Calculation Agent

September 2023
Germany
ZF – Green Bond 2023

Green Bond

€650 Million

Calculation Agent – Make-Whole Call

September 2024
UK
Standard Chartered – AT1 September 2024

Additional Tier 1 Securities

S$750 Million

Conversion Calculation Agent

September 2024
France
Mercialys – Fixed Rate Bond 2024

Fixed Rate Bonds

€300 Million

Calculation Agent – Make-Whole Call

September 2024
UK
Asos – CB 2024

Convertible Bond

£253 Million

Calculation Agent

September 2024
Netherlands
ING – AT1 September 2024

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

September 2024
France
BNP Paribas AT1 – September 2024

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

September 2024
Germany Netherlands
Qiagen – CB 2024

Convertible Bond

US$500 Million

Calculation Agent

August 2024
Germany
LEG – CB 2024

Convertible Bond

€500 Million

Calculation Agent

August 2024
Australia
Soul Patts – CB 2024

Convertible Bond

A$450 Million

Calculation Agent

August 2024
UK
Stonegate Group – MWC 2024

Asset Backed Notes

£535 Million

Financial Advisor – Make-Whole Call

July 2024
UK
Ocado – CB 2024

Convertible Bond

£250 Million

Calculation Agent

July 2024
France
Egis – Fixed Rate Bond 2024

Fixed Rate Bonds

€124 Million

Calculation Agent – Make-Whole Call

July 2024
Australia
AMA Group – IA 2024

Convertible Bond

A$50 Million

Independent Advisor

July 2024
Germany
TUI – CB 2024

Convertible Bond

€487 Million

Calculation Agent

July 2024
Australia
New Hope – CB 2024

Convertible Bond

A$300 Million

Calculation Agent

June 2024
Germany
DBAG – CB 2024

Convertible Bond

€100 Million

Calculation Agent

June 2024
France
Schneider Electric – CB 2024

Convertible Bond

€750 Million

Calculation Agent

May 2024
Luxembourg
Aroundtown – Libor transition 2024

Perpetual Subordinated Notes

£400 Million

Independent Advisor – LIBOR Transition

May 2024
UK
University of Greenwich – MWC 2024

Fixed Rate Bonds

£30 Million

Financial Advisor – Make-Whole Call

May 2024
Denmark
ISS – Fixed Rate Bond 2024

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

May 2024
Italy
Salini / Webuild – EB 2024

Exchangeable Bond

€225 Million

Calculation Agent

April 2024
France
Pernod Ricard – 2 Fixed Rate Bonds 2024

Fixed Rate Bonds

€1.5 Billion

Calculation Agent – Make-Whole Call

April 2024
UK
Marex – AT1 IA role 2024

Additional Tier 1 Securities

US$100 Million

Independent Advisor

April 2024
Netherlands
Pharming – CB 2024

Convertible Bond

€100 Million

Calculation Agent

April 2024
Switzerland
Medartis – CB 2024

Convertible Bond

CHF115.8 Million

Calculation Agent

March 2024
France
Elis – Fixed Rate Bond 2024

Fixed Rate Bonds

€400 Million

Calculation Agent – Make-Whole Call

March 2024
Greater China
Aoyuan – MCB 2024

Mandatory Convertible

US$143 Million

Calculation Agent

March 2024
Finland
YIT – Convertible Bond 2024

Convertible Bond

€36 Million

Calculation Agent

March 2024
France
Accor – Fixed Rate Bond March 2024

Fixed Rate Bonds

€600 Million

Calculation Agent – Make-Whole Call

February 2024
UK
Standard Chartered – AT1 2024

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

February 2024
France
Crossject – Convertible Bond 2024

Convertible Bond

€7 Million

Calculation Agent

February 2024
Germany
Infineon – Fixed Rate Bond February 2024

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

February 2024
Japan
Kansai Paint – Dual tranche CB 2024

Convertible Bond

JPY100 Billion

Calculation Agent

February 2024
France
BNP Paribas – AT1 2024

Additional Tier 1 Securities

US$1.5 Billion

Conversion Calculation Agent

February 2024
Netherlands
ING – AT1 2024

Additional Tier 1 Securities

US$1.25 Billion

Conversion Calculation Agent

January 2024
France
ORPAR/Remy Cointreau – EB 2024

Exchangeable Bond

€200 Million

Calculation Agent

January 2024
Germany
ZF – Green bond 2024

Green Bond

€800 Million

Calculation Agent – Make-Whole Call

January 2024
Germany
Vonovia – GBP bond 2024

Fixed Rate Bonds

£400 Million

Calculation Agent – Make-Whole Call

January 2024
Germany Greater China
GlobalWafers / Siltronic – Bond with Warrants 2024

Bond with Warrants

€345.2 Million

Calculation Agent

January 2024
Italy
Campari Group – CB 2024

Convertible Bond

€550 Million

Calculation Agent

January 2024
France
Schneider electric – 2 Fixed Rate Bonds 2024

Fixed Rate Bonds

€1.3 Billion

Calculation Agent – Make-Whole Call

January 2024
Spain
CaixaBank – AT1 2024

Additional Tier 1 Securities

€750 Million

Conversion Calculation Agent

January 2024
USA
Cassava – Warrants 2023

Warrants

US$557 Million

Calculation Agent

December 2023
Norway
IDEX – CB 2023

Convertible Bond

NOK100 Million

Calculation Agent

December 2023
Germany Greater China
Blugreen / Enapter – EB December 2023

Exchangeable Bond

€13.7 Million

Calculation Agent

December 2023
Netherlands
Ebusco – CB 2023

Convertible Bond

€36.8 Million

Calculation Agent

December 2023
Greece USA
Diana Shipping – Warrants 2023

Warrants

US$90 Million

Calculation Agent

December 2023
Luxembourg
Corestate Capital – 3 Fixed Rate Bonds

Fixed Rate Bonds

€142 Million

Calculation Agent

December 2023
Germany
Bechtle – CB 2023

Convertible Bond

€300 Million

Calculation Agent

November 2023
France
Ubisoft – CB 2023

Convertible Bond

€495 Million

Calculation Agent

November 2023
UK
Close Brothers – AT1 2023

Additional Tier 1 Securities

£200 Million

Conversion Calculation Agent

November 2023
South Africa
Sibanye Stillwater – CB 2023 Valuation

Convertible Bond

US$500 Million

Independent Valuer

November 2023
South Africa
Sibanye Stillwater – CB 2023

Convertible Bond

US$500 Million

Calculation Agent

November 2023
Germany
RAG / Evonik – EB 2023

Exchangeable Bond

€500 Million

Calculation Agent

November 2023
France
Schneider Electric – CB 2023

Convertible Bond

€650 Million

Calculation Agent

November 2023
France USA
Simon Property Group / Klepierre – EB 2023

Exchangeable Bond

€750 Million

Calculation Agent

November 2023
Bermuda
Catalina Re – Libor Transition 2023-III

Floating Rate Notes

US$20 Million

Independent Advisor – LIBOR Transition

November 2023
Bermuda
Catalina Re – Libor Transition 2023-II

Floating Rate Notes

US$15 Million

Independent Advisor – LIBOR Transition

November 2023
Bermuda
Catalina Re – Libor Transition 2023-I

Foreign exchange hedging

US$14 Million

Independent Advisor – LIBOR Transition

October 2023
France
Accor – Undated Subordinated Bond 2023

Perpetual Subordinated Notes

€500 Million

Calculation Agent

October 2023
Indonesia
GoTo – Equity-Linked Bonds 2023

Exchangeable Bond

US$150 Million

Calculation Agent

September 2023
Italy
Snam / Italgas – Exchangeable bond 2023

Exchangeable Bond

€500 Million

Calculation Agent

September 2023
Spain
Indra – Calculation Agent 2023

Convertible Bond

€250 Million

Calculation Agent

September 2023
Sweden
Fingerprint Cards – CB 2023

Convertible Bond

SEK250 Million

Calculation Agent

September 2023
Spain
Indra – IA 2023

Convertible Bond

€250 Million

Independent Advisor

September 2023
France
Pernod-Ricard – 2 Fixed Rate Bonds

Fixed Rate Bonds

€1.35 Billion

Calculation Agent

September 2023
Australia
AMA Group – IA 2023

Convertible Bond

A$50 Million

Independent Advisor

September 2023
Italy
Eni – KPI-linked CB 2023

KPI-Linked Convertible Bond

€1 Billion

Calculation Agent

August 2023
Italy
Saipem – CB 2023

Convertible Bond

€500 Million

Calculation Agent

August 2023
France
Abivax – CB 2023

Convertible Bond

€35 Million

Calculation Agent

August 2023
Germany
L2 Beteiligungs GmbH-Leoni – VPPN Agent 2023

Virtual Profit Participation Rights

€123 Million

VPPN Agent and Calculation Agent

August 2023
UK
Stonegate Group – MWC 2023 II

Asset Backed Notes

£535 Million

Financial Advisor – Make-Whole Call

August 2023
France
BNP Paribas – AT1 2023

Additional Tier 1 Securities

US$1.5 Billion

Conversion Calculation Agent

August 2023
Japan
Money Forward – CB 2023

Convertible Bond

JPY12 Billion

Calculation Agent

July 2023
Spain
Cellnex – CB 2023

Convertible Bond

€1 Billion

Calculation Agent

July 2023
Greater China
Bank of Communications HK – Libor Transition IA 2023

Floating Rate Notes

US$400 Million

Independent Advisor – LIBOR Transition

July 2023
Greater China UAE
ICBC Dubai Branch – Libor Transition IA 2023

Floating Rate Notes

US$500 Million

Independent Advisor – LIBOR Transition

July 2023
Greater China
ICBC Hong Kong Branch – Libor Transition IA 2023-1

Floating Rate Notes

US$1 Billion

Independent Advisor – LIBOR Transition

July 2023
Greater China
CCB International – Libor Transition IA 2023

Floating Rate Notes

US$700 Million

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-8

Additional Tier 1 Securities

S$

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-7

Additional Tier 1 Securities

S$

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-6

Reset Notes

US$

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-5

Additional Tier 1 Securities

US$

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-4

Additional Tier 1 Securities

US$

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-3

Additional Tier 1 Securities

US$

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-2

Reset Notes

JPY

Independent Advisor – LIBOR Transition

2023
Switzerland
Swiss Bank – Libor Transition IA 2023-1

Reset Notes

JPY

Independent Advisor – LIBOR Transition

June 2023
UK
Shell – Libor transition IA

Floating Rate Notes

US$500 Million

Independent Advisor – LIBOR Transition

June 2023
UK
Citi – Bond reset determinations 2023_2

Reset Notes

£250 Million

Financial Advisor

June 2023
Germany
SGL Carbon – CB 2023

Convertible Bond

€118.7 Million

Calculation Agent

July 2023
Qatar
QNB – Libor Transition IA 2023-5

Floating Rate Notes

US$20 Million

Independent Advisor – LIBOR Transition

July 2023
Qatar
QNB – Libor Transition IA 2023-4

Floating Rate Notes

US$20 Million

Independent Advisor – LIBOR Transition

July 2023
Qatar
QNB – Libor Transition IA 2023-3

Floating Rate Notes

US$20 Million

Independent Advisor – LIBOR Transition

July 2023
Qatar
QNB – Libor Transition IA 2023-2

Floating Rate Notes

US$100 Million

Independent Advisor – LIBOR Transition

July 2023
Qatar
QNB – Libor Transition IA 2023-1

Floating Rate Notes

US$115 Million

Independent Advisor – LIBOR Transition

2024
Qatar
QNB – Libor Transition IA 2024-6

Floating Rate Notes

US$20 Million

Independent Advisor – LIBOR Transition

2024
Qatar
QNB – Libor Transition IA 2024-7

Floating Rate Notes

US$250 Million

Independent Advisor – LIBOR Transition

June 2023
France
EDF – Prepetual Subordinated Notes 2023

Perpetual Subordinated Notes

US$1.5 Billion

Calculation Agent

June 2023
UK
Student Finance – MWC bond redemption

Fixed Rate Bonds

£215 Million

Financial Advisor – Make-Whole Call

June 2023
France
Schneider Electric – 2 Fixed Rate Bonds 2023 II

Fixed Rate Bonds

€1 Billion

Calculation Agent

June 2023
Italy
Lagfin / Campari – EB 2023

Exchangeable Bond

€536 Million

Calculation Agent

June 2023
France
Atari – CB 2023

Convertible Bond

€30 Million

Calculation Agent

May 2023
South Africa
Sasol – CB valuation 2023

Convertible Bond

US$750 Million

Independent Valuer

May 2023
Xbrane – CB 2023

Convertible Bond

SEK250 Million

Calculation Agent

May 2023
Switzerland
Swiss Prime Site – CB 2023

Convertible Bond

CHF275 Million

Calculation Agent

May 2023
Germany
Vantage Towers – Make-Whole Call 2023

Fixed Rate Bonds

€2.2 Billion

Financial Advisor – Make-Whole Call

March 2023
Switzerland
Meyer Burger – CB 2023

Convertible Bond

€216.3 Million

Calculation Agent

May 2023
UK
Citi – Bond reset determinations 2023

Reset Notes

£30 Million

Financial Advisor

April 2023
France
SES-Imagotag – Warrants 2023

Warrants

€198 Million

Calculation Agent

April 2023
Germany
Nordex – CB 2023

Convertible Bond

€333 Million

Calculation Agent

April 2023
France
Saur – Sustainability-Linked Bond 2023

Sustainability-Linked Bonds

€300 Million

Calculation Agent – Make-Whole Call

March 2023
France
Wendel / Bureau Veritas – EB 2023

Exchangeable Bond

€750 Million

Calculation Agent

March 2023
Canada
COPL – CB + Warrants 2023

Convertible Bond + Warrants

US$14.8 Million

Calculation Agent

March 2023
Germany Greater China
Blugreen / Enapter – EB 2023

Exchangeable Bond

€15 Million

Calculation Agent

March 2023
Spain
Caixa Bank – AT1 2023

Additional Tier 1 Securities

€750 Million

Conversion Calculation Agent

February 2023
Mexico
FEMSA / Heineken Holding – EB 2023

Exchangeable Bond

€500 Million

Calculation Agent

February 2023
Sweden
Balder – CB 2023

Convertible Bond

€480 Million

Calculation Agent

February 2023
Germany
Delivery Hero – CB 2023

Convertible Bond

€1 Billion

Calculation Agent

February 2023
Netherlands
ING – AT1 2023

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

February 2023
UK
Stonegate Group – MWC 2023

Asset Backed Notes

£535 Million

Financial Advisor – Make-Whole Call

January 2023
Germany
Rheinmetall – Dual tranche CB 2023

Convertible Bond

€1 Billion

Calculation Agent

January 2023
Germany
ZF – Green Fixed Rate Bond 2023

Green Bond

€650 Million

Calculation Agent – Make-Whole Call

January 2023
Norway
Borr Drilling – CB 2023

Convertible Bond

US$250 Million

Calculation Agent

January 2023
Portugal
Greenvolt – CB 2023

Convertible Bond

€200 Million

Calculation Agent

January 2023
UK
ACG Acquisition – 2022 SPAC Warrants Valuation

SPAC Warrants

US$225 Million

Independent Valuer

January 2023
France
Schneider Electric – 2 Fixed-Rate Bonds 2023

Fixed Rate Bonds

€1.2 Billion

Calculation Agent – Make-Whole Call

January 2022
France
SPIE – CB 2023

Convertible Bond

€400 Million

Calculation Agent

December 2022
France
GenSight Biologics – CB 2022

Convertible Bond

€12 Million

Calculation Agent

December 2022
USA
Triumph Group – Warrants 2022

Warrants

US$241 Million

Calculation Agent

December 2022
Finland
Enersense – CB 2022

Convertible Bond

€26 Million

Calculation Agent

November 2022
Spain
Iberdrola – Hedged CB 2022

Non-Dilutive Convertible Bond

€450 Million

Calculation Agent

November 2022
Belgium France
GBL / Pernod Ricard – EB 2022

Exchangeable Bond

€500 Million

Calculation Agent

November 2022
Germany
Fresenius – 2 Fixed Rate Bonds 2022

Fixed Rate Bonds

€1 Billion

Calculation Agent – Make-Whole Call

November 2022
UK
Stonegate Group – MWC 2022

Asset Backed Notes

£535 Million

Financial Advisor – Make-Whole Call

October 2022
France
Pernod-Ricard – 2 Sustainability-Linked Bonds 2022

Sustainability-Linked Bonds

€1.1 Billion

Calculation Agent – Make-Whole Call

November 2022
France
AF-KLM – Subordinated CB 2022

Perpetual Convertible Bonds

€305.3 Million

Calculation Agent

November 2022
Germany
Vonovia – 2 Fixed-Rate Bonds

Fixed Rate Bonds

€1.5 Billion

Calculation Agent – Make-Whole Call

November 2022
Australia
Dexus – CB 2022

Convertible Bond

A$500 Million

Calculation Agent

November 2022
Germany
RAG/Evonik – EB 2022

Exchangeable Bond

€500 Million

Calculation Agent

November 2022
Germany
Covestro – Green Fixed Rate Bond

Green Bond

€500 Million

Calculation Agent – Make-Whole Call

November 2022
France
Ubisoft – CB 2022

Convertible Bond

€470 Million

Calculation Agent

November 2022
France
Schneider Electric – 2 fixed rate bonds 2022

Fixed Rate Bonds

€1.1 Billion

Calculation Agent – Make-Whole Call

November 2022
South Africa
Sasol – CB 2022

Convertible Bond

US$750 Million

Calculation Agent

October 2022
Belgium
Biocartis – Secured CB 2022

Convertible Bond

€131.5 Million

Calculation Agent

October 2022
UK
Avacta – CB 2022

Convertible Bond

£55 Million

Calculation Agent

October 2022
UK
Bristol Water / Pennon / Citi – Index-linked MWC

Inflation-Linked Bonds

£40 Million

Independent Advisor – Make-Whole Call

October 2022
UK
ACG Acquisition Company – 2022 SPAC Warrants

SPAC Warrants

US$225 Million

Calculation Agent

October 2022
Germany
RWE – MCB 2022

Mandatory Convertible

€2.4 Billion

Calculation Agent

September 2022
Germany
Signa Sports United – CB 2022

Convertible Bond

€100 Million

Calculation Agent

September 2022
France
Elis – CB 2022

Convertible Bond

€380 Million

Calculation Agent

September 2022
Germany
SGL Carbon – CB 2022

Convertible Bond

€101.9 Million

Calculation Agent

September 2022
France
Neoen – CB 2022

Convertible Bond

€300 Million

Calculation Agent

September 2022
Germany
Siemens Energy – MCB 2022

Mandatory Convertible

€960 Million

Calculation Agent

September 2022
Belgium
Biocartis – Secured convertible facility 2022

Secured Convertible Facility

€30 Million

Calculation Agent

August 2022
UK
Standard Chartered – AT1 2022

Additional Tier 1 Securities

US$1.25 Billion

Conversion Calculation Agent

August 2022
UK
William Hill – MWC exercise

Fixed Rate Bonds

£350 Million

Independent Advisor – Make-Whole Call

July 2022
Canada
COPL – CB + Warrants 2022

Convertible Bond + Warrants

US$25.2 Million

Calculation Agent

July 2022
Singapore
Sindicatum – FX calcs PHP 2022

Green Bond

PHP1 Billion

Offers Calculation Agent

July 2022
Singapore
Sindicatum – FX calcs INR 2022

Green Bond

INR2.5 Billion

Offers Calculation Agent

July 2022
Germany
Tonies – CB 2022

Convertible Bond

€30 Million

Calculation Agent

June 2022
Germany Greater China
Blugreen / Enapter – EB 2022

Exchangeable Bond

€15 Million

Calculation Agent

June 2022
Germany
Merck – 2 Fixed Rate Bonds 2022

Fixed Rate Bonds

€1 Billion

Calculation Agent – Make-Whole Call

June 2022
UK
Aviva – RT1 2022

Restricted Tier 1 Notes

£500 Million

Conversion Calculation Agent

May 2022
France
Elis – Fixed rate bond 2022

Fixed Rate Bonds

€300 Million

Calculation Agent – Make-Whole Call

June 2022
Germany
Ceconomy – CB 2022

Convertible Bond

€151 Million

Calculation Agent

May 2022
France
BNP Paribas – Hedged CB 2022

Non-Dilutive Convertible Bond

€375 Million

Calculation Agent

April 2022
France
Pernod Ricard – Sustainability-Linked Bond 2022

Sustainability-Linked Bonds

€750 Million

Calculation Agent – Make-Whole Call

March 2022
UK
Renalytics – CB 2022

Convertible Bond

US$21 Million

Calculation Agent

March 2022
Bermuda
Alliance Oil – MWC 2022

Fixed Rate Bonds

US$500 Million

Financial Advisor – Make-Whole Call

March 2022
Netherlands
BE Semiconductors – CB 2022

Convertible Bond

€175 Million

Calculation Agent

March 2022
Germany
Vonovia – 3 Fixed Rate Bonds 2022

Fixed Rate Bonds

€2.5 Billion

Calculation Agent – Make-Whole Call

March 2022
UK
Vodafone – Independent Adviser 2022

Non-Dilutive Mandatory Convertible

£1.72 Billion

Independent Advisor

February 2022
France
Mercialys – Fixed Rate Bond Feb-2022

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

February 2022
Germany
Infineon – Fixed Rate Bond Feb-2022

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

February 2022
Germany
Software AG – CB 2022

Convertible Bond

€344.3 Million

Calculation Agent

February 2022
UK
Citi MWC – February 2022

Fixed Rate Bonds

£245 Million

Financial Advisor – Make-Whole Call

January 2022
UK
Citi MWC – January 2022

Fixed Rate Bonds

£150 Million

Financial Advisor – Make-Whole Call

January 2022
Ireland
Glanbia – EB 2022

Exchangeable Bond

€250 Million

Calculation Agent

January 2022
Greater China
Meidong Auto – CB 2022

Convertible Bond

HK$2.75 Billion

Calculation Agent

January 2022
Switzerland
UBS – LIBOR transition 2022

Additional Tier 1 Securities

CHF275 Million

Independent Advisor – LIBOR Transition

December 2021
UK
Pantheon Resources – CB (PIPE) 2021

Convertible Bond

US$55 Million

Calculation Agent

December 2021
UK
abrdn – AT1 2021

Additional Tier 1 Securities

£210 Million

Conversion Calculation Agent

November 2021
South Africa
Brait – CB 2021

Exchangeable Bond

ZAR3 Billion

Calculation Agent

November 2021
Denmark
GN Store Nord – Fixed Rate Bond 2021

Fixed Rate Bonds

€600 Million

Calculation Agent – Make-Whole Call

November 2021
Germany
Encavis – CB 2021

Convertible Bond

€250 Million

Calculation Agent

November 2021
Greater China
Agile / A-Living – EB 2021

Exchangeable Bond

HK$2.4 Billion

Calculation Agent

November 2021
France
Accor – Sustainability-Linked Bond 2021

Sustainability-Linked Bonds

€700 Million

Calculation Agent – Make-Whole Call

November 2021
France
Argan – Fixed rate bond 2021

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

November 2021
France
Atos – Sustainability-linked bond 2021

Sustainability-Linked Bonds

€800 Million

Calculation Agent – Make-Whole Call

October 2021
South Africa
MTN – Make-whole call redemption 2021

Fixed Rate Bonds

US$500 Million

Determination Agent – Make-Whole Call

October 2021
Germany
ZF Finance – Green Bond Oct-21

Green Bond

€500 Million

Calculation Agent – Make-Whole Call

October 2021
Australia
Flight Centre – CB 2021

Convertible Bond

A$400 Million

Calculation Agent

September 2021
UK
OSB Group – AT1 2021

Additional Tier 1 Securities

£150 Million

Conversion Calculation Agent

September 2021
Netherlands USA
Mondelez / JDE Peet’s – EB 2021

Exchangeable Bond

€300 Million

Calculation Agent

September 2021
Australia
AMA-Group – CB 2021

Convertible Bond

A$50 Million

Calculation Agent

September 2021
UK
Just Group – RT1 2021

Restricted Tier 1 Notes

£325 Million

Conversion Calculation Agent

September 2021
Netherlands
ING – AT1 2021

Additional Tier 1 Securities

US$2 Billion

Conversion Calculation Agent

September 2021
Spain
Caixa Bank – AT1 2021

Additional Tier 1 Securities

€750 Million

Calculation Agent

September 2021
Germany
Delivery Hero – Dual Tranche CB 2021

Convertible Bond

€1.25 Billion

Calculation Agent

September 2021
Netherlands
CM.com – CB 2021

Convertible Bond

€100 Million

Calculation Agent

September 2021
France
Korian – Perpetual CB 2021

Convertible Bond

€333 Million

Calculation Agent

August 2021
Germany
Vonovia – 5 Fixed Rate Bonds August 2021

Fixed Rate Bonds

€5 Billion

Calculation Agent – Make-Whole Call

August 2021
Cayman Islands
Blockchain Coinvestors – Valuation

SPAC Warrants

US$180 Million

Independent Valuer

August 2021
UK
Standard Chartered – AT1 2021

Additional Tier 1 Securities

US$1.5 Billion

Conversion Calculation Agent

August 2021
Germany
Otto Group – Bond redemption 2021

Fixed Rate Bonds

€250 Million

Calculation Agent – Make-Whole Call

July 2021
France
Covivio Hotels – Fixed Rate Bond 2021

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

July 2021
France
Abivax – CB 2021

Convertible Bond

€25 Million

Calculation Agent

July 2021
Austria
Signa – Fixed Rate Bond 2021

Fixed Rate Bonds

€300 Million

Calculation Agent – Make-Whole Call

June 2021
Japan
Mercari – CB 2021

Convertible Bond

JPY50 Billion

Calculation Agent

June 2021
USA
Scorpio Tankers – CB 2021

Convertible Bond

US$200 Million

Calculations Advisor

June 2021
Australia
New Hope Group – CB 2021

Convertible Bond

A$200 Million

Calculation Agent

June 2021
Turkiye
SASA Polyester – CB 2021

Convertible Bond

€200 Million

Calculation Agent

June 2021
Spain
Criteria Caixa / Cellnex – EB 2021

Exchangeable Bond

€200 Million

Calculation Agent

June 2021
UK
RSA – MWC IA role 2021

Fixed Rate Bonds

£350 Million

Independent Advisor – Make-Whole Call

June 2021
USA
Nabors – Warrants 2021

Warrants

US$624 Million

Calculation Agent

June 2021
France
Korian – Fixed Rate Bond 2021

Fixed Rate Bonds

£200 Million

Calculation Agent – Make-Whole Call

June 2021
UAE
ADCB – LIBOR transition 2021-5

Floating Rate Notes

US$300 Million

Independent Advisor – LIBOR Transition

June 2021
UAE
ADCB – LIBOR transition 2021-4

Floating Rate Notes

US$22 Million

Independent Advisor – LIBOR Transition

June 2021
UAE
ADCB – LIBOR transition 2021-3

Floating Rate Notes

US$220 Million

Independent Advisor – LIBOR Transition

June 2021
UAE
ADCB – LIBOR transition 2021-2

Floating Rate Notes

US$370 Million

Independent Advisor – LIBOR Transition

June 2021
UAE
ADCB – LIBOR transition 2021-1

Floating Rate Notes

US$13 Million

Independent Advisor – LIBOR Transition

June 2021
Netherlands
Basic-Fit – CB 2021

Convertible Bond

€304 Million

Calculation Agent

June 2021
Germany
Vonovia – 5 Fixed Rate Bonds June 2021

Fixed Rate Bonds

€4 Billion

Calculation Agent – Make-Whole Call

June 2021
France
Edenred – CB 2021

Convertible Bond

€400 Million

Calculation Agent

June 2021
Greater China
Pharmaron – Dual tranche CB 2021 – RMB

Convertible Bond

RMB1.9 Billion

Calculation Agent

June 2021
Greater China
Pharmaron – Dual tranche CB 2021 – US$

Convertible Bond

US$300 Million

Calculation Agent

June 2021
UK
Jet2 – CB 2021

Convertible Bond

£387 Million

Calculation Agent

May 2021
UAE
ADNOC / ADNOC Distribution – EB 2021

Exchangeable Bond

US$1.2 Billion

Calculation Agent

May 2021
France
Engie / GTT – EB 2021

Exchangeable Bond

€290 Million

Calculation Agent

May 2021
Norway
Norwegian – Perpetual CBs IA role

Perpetual Convertible Bonds

US$150 Million

Independent Advisor

May 2021
Norway
Norwegian – Perpetual CB 2021

Perpetual Convertible Bonds

NOK1.875 Billion

Calculation Agent

May 2021
Netherlands
Euronext – 3 Fixed rate bonds

Fixed Rate Bonds

€1.8 Billion

Calculation Agent – Make-Whole Call

April 2021
Germany
ZF – Green bond 2021

Green Bond

€500 Million

Calculation Agent – Make-Whole Call

April 2021
UK
WH Smith – CB 2021

Convertible Bond

£327 Million

Calculation Agent

April 2021
Italy
DiaSorin – CB 2021

Convertible Bond

€500 Million

Calculation Agent

April 2021
Germany
Schaltbau – MCB 2021

Mandatory Convertible

€60 Million

Calculation Agent

April 2021
Australia
Zip Co – CB 2021

Convertible Bond

A$400 Million

Calculation Agent

April 2021
Germany
SLM Solutions – CB 2021

Convertible Bond

€15 Million

Calculation Agent

April 2021
France
Nexity – CB 2021

Convertible Bond

€240 Million

Calculation Agent

April 2021
Germany
TUI AG – CB 2021

Convertible Bond

€400 Million

Calculation Agent

April 2021
UK
ASOS – CB 2021

Convertible Bond

£500 Million

Calculation Agent

April 2021
Germany
The Social Chain – CB 2021

Convertible Bond

€25 Million

Calculation Agent

March 2021
Spain
Caixa-Bankia AT1s – IFA role

Additional Tier 1 Securities

€1.25 Billion

Independent Financial Advisor

March 2021
Sweden
Scandic – CB 2021

Convertible Bond

SEK1.8 Billion

Calculation Agent

March 2021
UK
Cineworld – CB 2021

Convertible Bond

US$213 Million

Calculation Agent

March 2021
Belgium
GBL – CB 2021

Convertible Bond

€500 Million

Calculation Agent

March 2021
Germany
Vonovia – Green Fixed Rate Bond March 2021

Green Bond

€600 Million

Calculation Agent – Make-Whole Call

March 2021
France
Fnac-Darty – CB 2021

Convertible Bond

€200 Million

Calculation Agent

March 2021
Sweden
Cellink – CB 2021

Convertible Bond

SEK1.5 Million

Calculation Agent

March 2021
UK
Helios Towers – CB 2021

Convertible Bond

US$250 Million

Calculation Agent

March 2021
Luxembourg
Global Fashion Group – CB 2021

Convertible Bond

€375 Million

Calculation Agent

February 2021
Japan USA
Asahi Holdings – CB 2021

Convertible Bond

US$200 Million

Calculation Agent

February 2021
Mexico Netherlands
America Movil / KPN – EB 2021

Exchangeable Bond

€2.1 Billion

Calculation Agent

February 2021
USA
The GEO Group – CB 2021

Convertible Bond

US$200 Million

Calculation Agent

February 2021
Italy
Nexi – CB 2021

Convertible Bond

€1 Billion

Calculation Agent

February 2021
France
BigBen / Nacon – EB 2021

Exchangeable Bond

€87 Million

Calculation Agent

February 2021
Norway
PGS – Convertible 2021

Convertible Bond

NOK116 Million

Calculation Agent

February 2021
Netherlands
Just Eat Takeaway.com – Dual tranche CB 2021

Convertible Bond

€1.1 Billion

Calculation Agent

January 2021
Norway
Aker Horizons – CB 2021

Convertible Bond

NOK1.5 Billion

Calculation Agent

January 2021
Italy
Prysmian – CB 2021

Convertible Bond

€750 Million

Calculation Agent

January 2021
Germany
Vonovia – Fixed Rate Bond January 2021

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

February 2021
Australia
WHSP – CB 2021

Convertible Bond

A$225 Million

Calculation Agent

January 2021
Austria
Do&Co – CB 2021

Convertible Bond

€100 Million

Calculation Agent

January 2021
Germany
TUI – MWC exercise 2021

Fixed Rate Bonds

€300 Million

Calculation Agent – Make-Whole Call

January 2021
Germany Netherlands
Shop Apotheke – CB 2021

Convertible Bond

€225 Million

Calculation Agent

January 2021
UK
Trainline – CB 2021

Convertible Bond

£150 Million

Calculation Agent

January 2021
France
Voltalia – CB 2021

Convertible Bond

€200 Million

Calculation Agent

January 2021
UK
Standard Chartered – US$ AT1 2021

Additional Tier 1 Securities

US$1.25 Billion

Conversion Calculation Agent

December 2020
UK
Stobart Group – IA role 2020

Exchangeable Bond

£53 Million

Independent Advisor

December 2020
Italy
Pirelli – CB 2020

Convertible Bond

€500 Million

Calculation Agent

December 2020
Belgium
Mithra – CB 2020

Convertible Bond

€125 Million

Calculation Agent

December 2020
Germany Netherlands
Qiagen – CB 2020

Convertible Bond

US$500 Million

Calculation Agent

December 2020
Germany
Sono Motors – Pre-IPO CB 2020

Pre-IPO Convertible Bond

€6.8 Million

Calculation Agent

December 2020
Luxembourg UK
IWG – CB 2020

Convertible Bond

£350 Million

Calculation Agent

November 2020
France
Accor – CB 2020

Convertible Bond

€500 Million

Calculation Agent

November 2020
Germany
ZF Friedrichshafen – Fixed Rate Bond

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

November 2020
UK
Capco / Shaftesbury – EB 2020

Exchangeable Bond

£275 Million

Calculation Agent

November 2020
Spain
Audax Renovables – Green CB 2020

Green Convertible Bond

€125 Million

Calculation Agent

November 2020
France
Schneider Electric – KPI-Linked CB 2020

KPI-Linked Convertible Bond

€650 Million

Calculation Agent

November 2020
Australia
Flight Centre – CB 2020

Convertible Bond

A$400 Million

Calculation Agent

November 2020
Germany
Lufthansa – CB 2020

Convertible Bond

€600 Million

Calculation Agent

November 2020
Spain
Cellnex – CB 2020

Convertible Bond

€1.5 Billion

Calculation Agent

August 2020
Singapore USA
ADM / Wilmar International – EB 2020 Valuation

Exchangeable Bond

US$300 Million

Independent Valuer

October 2020
Austria
AMS – CB 2020

Convertible Bond

€760 Million

Calculation Agent

October 2020
Austria
Immofinanz – Fixed Rate Bond 2020

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

October 2020
Austria
CA Immo – Green Bond 2020

Green Bond

€350 Million

Calculation Agent – Make-Whole Call

September 2020
Germany
Morphosys – CB 2020

Convertible Bond

€325 Million

Calculation Agent

October 2020
Spain
CaixaBank – AT1 2020

Additional Tier 1 Securities

€750 Million

Conversion Calculation Agent

October 2020
Belgium Germany
GBL / GEA – Exchangeable 2020

Exchangeable Bond

€450 Million

Calculation Agent

October 2020
Germany
TUI – Warrants 2020

Warrants

€150 Million

Calculation Agent

September 2020
France
Soitec – CB 2020

Convertible Bond

€325 Million

Calculation Agent

September 2020
Germany
Duerr Group – CB 2020

Convertible Bond

€150 Million

Calculation Agent

September 2020
Germany
ZF Friedrichshafen – 2 Fixed Rate Bonds

Fixed Rate Bonds

€1.5 Billion

Calculation Agent – Make-Whole Call

September 2020
Italy
Falck Renewables – Green CB 2020

Green Convertible Bond

€200 Million

Calculation Agent

September 2020
France
EDF – Green CB 2020

Green Convertible Bond

€2.4 Billion

Calculation Agent

August 2020
Norway
Ice Group – CB 2020

Convertible Bond

NOK650 Million

Calculation Agent

August 2020
Luxembourg
Vivion – Pre-IPO CB 2020

Pre-IPO Convertible Bond

€200 Million

Calculation Agent

August 2020
Germany
TAG Immobilien – CB 2020

Convertible Bond

€470 Million

Calculation Agent

August 2020
Singapore USA
ADM / Wilmar International – EB 2020

Exchangeable Bond

US$300 Million

Calculation Agent

July 2020
Germany
Zalando – dual-tranche CBs 2020

Convertible Bond

€1 Billion

Calculation Agent

July 2020
Austria
S&T – Warrants 2020

Warrants

€29.9 Million

Calculation Agent

July 2020
Netherlands
Besi – CB 2020

Convertible Bond

€150 Million

Calculation Agent

July 2020
Netherlands Switzerland
STM – dual tranche CBs 2020

Convertible Bond

US$1.5 Billion

Calculation Agent

July 2020
France
Worldline – CB 2020

Convertible Bond

€600 Million

Calculation Agent

July 2020
Sweden
SBB – MCB 2020

Mandatory Convertible

SEK2.75 Billion

Calculation Agent

July 2020
Germany
SLM Solutions – CB 2020

Convertible Bond

€15 Million

Calculation Agent

July 2020
Austria
Immofinanz – MCB 2020

Mandatory Convertible

€120 Million

Calculation Agent

July 2020
Germany
Delivery Hero – CB July 2020

Convertible Bond

€1.5 Billion

Calculation Agent

July 2020
Germany
Vonovia – 2 Fixed Rate Bonds July 2020

Fixed Rate Bonds

€1.5 Billion

Calculation Agent – Make-Whole Call

July 2020
Finland
Outokumpu – CB 2020

Convertible Bond

€125 Million

Calculation Agent

June 2020
Denmark
ISS – Bond 2020

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

June 2020
France
Mercialys – Bond 2020

Fixed Rate Bonds

€300 Million

Calculation Agent – Make-Whole Call

June 2020
Italy Luxembourg
Lagfin / Campari – EB 2020

Exchangeable Bond

€330 Million

Calculation Agent

June 2020
Germany
LEG – CB 2020

Convertible Bond

€550 Million

Calculation Agent

June 2020
France Germany
Artemis / PUMA EB – 2020

Exchangeable Bond

€500 Million

Calculation Agent

June 2020
UK
Standard Chartered US$ AT1 – 2020

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

June 2020
UK
Legal & General RT1 – 2020

Restricted Tier 1 Notes

£500 Million

Conversion Calculation Agent

June 2020
Germany
Infineon – 4 Fixed rate bonds 2020

Fixed Rate Bonds

€2.9 Billion

Calculation Agent – Make-Whole Call

June 2020
Germany
Alstria – Fixed Rate Bond 2020

Fixed Rate Bonds

€350 Million

Calculation Agent – Make-Whole Call

June 2020
Belgium
Umicore CB – 2020

Convertible Bond

€500 Million

Calculation Agent

June 2020
UK
Ocado Group CB – 2020

Convertible Bond

£350 Million

Calculation Agent

June 2020
Germany
RAG/Evonik EB – 2020

Exchangeable Bond

€500 Million

Calculation Agent

May 2020
France
Neoen – Green CB 2020

Green Convertible Bond

€170 Million

Calculation Agent

May 2020
Germany
RAG/Evonik EB due 2021 – Independent Expert 2020

Exchangeable Bond

€500 Million

Independent Expert

May 2020
Germany
RAG/Evonik EB due 2023 – Independent Expert 2020

Exchangeable Bond

€500 Million

Independent Expert

May 2020
UK
Anglo American (Sirius) – Independent Adviser 2020

Convertible Bond

US$107 Million

Independent Advisor

May 2020
Norway
Norwegian Air Shuttle – Perpetual CBs 2020

Perpetual Convertible Bonds

NOK4 Billion

Calculation Agent

May 2020
Luxembourg
ArcelorMittal – MCB 2020

Mandatory Convertible

US$1.25 Billion

Calculation Agent

April 2020
Netherlands
Just Eat Takeaway.com – CB 2020

Convertible Bond

€300 Million

Calculation Agent

April 2020
Italy
Nexi – 2020 CB

Convertible Bond

€500 Million

Calculation Agent

April 2020
Spain
Amadeus IT Group – CB 2020

Convertible Bond

€750 Million

Calculation Agent

April 2020
Germany
Vonovia – 2 Fixed rate bonds April 2020

Fixed Rate Bonds

€1 Billion

Calculation Agent – Make-Whole Call

March 2020
France
Korian – CB 2020

Convertible Bond

€400 Million

Calculation Agent

February 2020
Luxembourg
Aroundtown – MCB 2020

Mandatory Convertible

US$250 Million

Calculation Agent

February 2020
Netherlands
Yandex – CB 2020

Convertible Bond

US$1.25 Billion

Calculation Agent

February 2020
Netherlands
ING 2020 AT1

Additional Tier 1 Securities

US$750 Million

Conversion Calculation Agent

January 2020
Germany
Merck – 2 Fixed rate bonds Jan-20

Fixed Rate Bonds

€1.5 Billion

Calculation Agent – Make-Whole Call

2020
France
Pernod Ricard – LTIP performance testing

Employee Compensation Plans

LTIP Performance Testing (Ongoing)

Independent Financial Advisor

January 2020
Germany
Delivery Hero CB x2 – 2020

Convertible Bond

€1.75 Billion

Calculation Agent

January 2020
Netherlands
Pharming CB – 2020

Convertible Bond

€125 Million

Calculation Agent

December 2019
Greater China
Geely-AB Volvo – EB 2019 Valuation

Exchangeable Bond

€400 Million

Independent Valuer

December 2019
UK
Unite Students – MWC bond redemption 2019

Fixed Rate Bonds

£90 Million

Independent Financial Advisor – Make-Whole Call

December 2019
UK
Ocado Group CB – 2019

Convertible Bond

£600 Million

Calculation Agent

November 2019
Belgium
AKKA CB – 2019

Convertible Bond

€175 Million

Calculation Agent

November 2019
South Africa
Brait CB – 2019

Convertible Bond

£150 Million

Calculation Agent

November 2019
Norway
Norwegian Air Shuttle – 2019 CB

Convertible Bond

US$150 Million

Calculation Agent

November 2019
Norway
BW Offshore – 2019 CB

Convertible Bond

US$297 Million

Calculation Agent

October 2019
France
Atos / Worldline EB – 2019

Exchangeable Bond

€500 Million

Calculation Agent

October 2019
Germany
Vonovia – 3 Fixed Rate Bonds 2019

Fixed Rate Bonds

€1.5 Billion

Calculation Agent – Make-Whole Call

October 2019
France
Neoen CB – 2019

Convertible Bond

€200 Million

Calculation Agent

September 2019
France
Navya CB – 2019

Convertible Bond

€20 Million

Calculation Agent

September 2019
Germany
Henkel – 2 Fixed Rate Bonds 2019

Fixed Rate Bonds

£750 Million

Calculation Agent – Make-Whole Call

September 2019
Germany
Alstria – Fixed Rate Bond 2019

Fixed Rate Bonds

€400 Million

Calculation Agent – Make-Whole Call

September 2019
France Germany
Kering/Puma EB – 2019

Exchangeable Bond

€550 Million

Calculation Agent

September 2019
Germany
Wintershall Dea – Fixed Rate Bonds 2019

Fixed Rate Bonds

€4 Billion

Calculation Agent – Make-Whole Call

September 2019
Germany
Wirecard CB – 2019

Convertible Bond

€900 Million

Calculation Agent

September 2019
France
Ubisoft CB – 2019

Convertible Bond

€500 Million

Calculation Agent

September 2019
Germany
MTU Aero Engines – 2019

Convertible Bond

€500 Million

Calculation Agent

September 2019
Belgium Switzerland
GBL / Lafarge-Holcim – 2019

Exchangeable Bond

€750 Million

Calculation Agent

September 2019
Netherlands
ING 2019 AT1 – 2

Additional Tier 1 Securities

US$1.5 Billion

Conversion Calculation Agent

September 2019
France
Edenred – 2019

Convertible Bond

€500 Million

Calculation Agent

July 2019
France
Worldline – 2019

Convertible Bond

€600 Million

Calculation Agent

July 2019
UK
Pension Insurance Corporation – RT1 2019

Restricted Tier 1 Notes

£450 Million

Conversion Calculation Agent

July 2019
Italy
BPER – AT1 2019

Additional Tier 1 Securities

€150 Million

Calculation Agent

July 2019
UK
Standard Chartered – SG$ AT1 2019

Additional Tier 1 Securities

S$750 Million

Conversion Calculation Agent

July 2019
UK
Lloyds Bank Corporate Markets – LIBOR Transition 2019-3

Floating Rate Notes

€50 Million

Independent Advisor – LIBOR Transition

July 2019
Germany
Merck – 3 Fixed rate bonds Jul-19

Fixed Rate Bonds

€2 Billion

Calculation Agent – Make-Whole Call

June 2019
UK
Lloyds Bank Corporate Markets – LIBOR Transition 2019-2

Floating Rate Notes

€75 Million

Independent Advisor – LIBOR Transition

June 2019
UK
Lloyds Bank Corporate Markets – LIBOR Transition 2019-1

Floating Rate Notes

€50 Million

Independent Advisor – LIBOR Transition

June 2019
Spain
Cellnex – 2019

Convertible Bond

€850 Million

Calculation Agent

June 2019
South Africa
EDCON MCB – 2019 Restructuring – EUR

Mandatory Convertible

€132 Million

Calculation Agent

June 2019
South Africa
EDCON MCB – 2019 Restructuring – ZAR

Mandatory Convertible

ZAR1 Billion

Calculation Agent

June 2019
UK
Lloyds Bank – LIBOR Transition 2019

Floating Rate Notes

€150 Million

Independent Advisor – LIBOR Transition

June 2019
UK
Primary Health Properties – 2019

Convertible Bond

£150 Million

Calculation Agent

June 2019
France
Publicis Bonds 2019-25/28/31

Fixed Rate Bonds

€2.25 Billion

Calculation Agent – Make-Whole Call

June 2019
Greater China Sweden
Geely-AB Volvo – 2019

Exchangeable Bond

€400 Million

Calculation Agent

June 2019
Netherlands
Euronext Bond 2019-29

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

June 2019
UK
Derwent London – 2019

Convertible Bond

£175 Million

Calculation Agent

May 2019
Denmark
GN Store Nord – 2019

Bond with Warrants

€330 Million

Calculation Agent

May 2019
UK
Stobart Group – 2019

Exchangeable Bond

£53 Million

Calculation Agent

May 2019
Belgium
Biocartis – 2019

Convertible Bond

€150 Million

Calculation Agent

April 2019
Spain
Abengoa Convertible Notes – 2019 Restructuring – USD

Convertible Bond

US$1 Billion

Calculation Agent

April 2019
Spain
Abengoa Convertible Notes – 2019 Restructuring – EUR

Convertible Bond

€2 Billion

Calculation Agent

April 2019
Germany
Adler – Fixed Rate Bond – 2019

Fixed Rate Bonds

€400 Million

Calculation Agent – Make-Whole Call

April 2019
Spain
Sacyr CB – 2019

Convertible Bond

€175 Million

Calculation Agent

April 2019
UK
Sirius Minerals – 2019 CB

Convertible Bond

US$507 Million

Calculation Agent

April 2019
Luxembourg
VIC Properties – Pre-IPO CB 2019

Pre-IPO Convertible Bond

€250 Million

Calculation Agent

March 2019
France
Rallye-Casino – IA March 2019

Non-Dilutive Exchangeable Bond

€200 Million

Independent Advisor

March 2019
UK
Just Group RT1 – 2019

Restricted Tier 1 Notes

£300 Million

Conversion Calculation Agent

March 2019
France
AF-KLM Group – 2019

Convertible Bond

€500 Million

Calculation Agent

March 2019
Netherlands
Aegon RT1 – 2019

Restricted Tier 1 Notes

€500 Million

Conversion Calculation Agent

January 2019
France Italy
Beni Stabili – Advisory mandate merger into Covivio

Convertible Bond

€200 Million

Independent Financial Advisor

March 2019
UK
Vodafone Hedged MCB 2019

Non-Dilutive Mandatory Convertible

£3.44 Billion

Calculation Agent

February 2019
Netherlands
ING AT1 2019

Additional Tier 1 Securities

€1.25 Billion

Conversion Calculation Agent

January 2019
France
Rallye-Casino – IA January 2019

Non-Dilutive Exchangeable Bond

€200 Million

Independent Advisor

January 2019
Germany
Vonovia – Fixed Rate Bond Jan-19

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

January 2019
Austria
Immofinanz – Fixed Rate Bond 2019

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

January 2019
Netherlands
Takeaway.com – 2019

Convertible Bond

€250 Million

Calculation Agent

December 2018
Spain
Almirall – 2018

Convertible Bond

€250 Million

Calculation Agent

November 2018
Ireland Switzerland
Cosmo Pharma – 2018

Convertible Bond

€175 Million

Calculation Agent

November 2018
Germany Luxembourg
ADO Properties – 2018

Convertible Bond

€165 Million

Calculation Agent

November 2018
France
ATOS – 2018 Fixed Rate Bonds

Fixed Rate Bonds

€1.8 Billion

Calculation Agent – Make-Whole Call

November 2018
Germany Netherlands
QIAGEN – 2018

Convertible Bond

US$500 Million

Calculation Agent

October 2018
Germany
SLEEPZ – 2018

Convertible Bond

€2.1 Million

Calculation Agent

September 2018
Mexico Netherlands
America Movil / KPN MEB – Independent Adviser 2018

Mandatory Exchangeable

€750 Million

Independent Advisor

September 2018
Germany
RAG / Evonik – 2018

Exchangeable Bond

€500 Million

Calculation Agent

September 2018
France Greater China
European TopSoho / SMCP II – 2018

Exchangeable Bond

€250 Million

Calculation Agent

September 2018
Germany
SGL Carbon- 2018

Convertible Bond

€159.3 Million

Calculation Agent

September 2018
Germany
Adidas – 2018

Non-Dilutive Convertible Bond

€500 Million

Calculation Agent

July 2018
France Greater China
European TopSoho / SMCP – 2018

Exchangeable Bond

€60 Million

Calculation Agent

June 2018
Germany
Deutsche Wohnen – 2018 opinion

Convertible Bond

€800 Million

Independent Expert

July 2018
Germany
Vonovia – Fixed Rate Bond July 2018

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

June 2018
France
Soitec – 2018

Convertible Bond

€150 Million

Calculation Agent

June 2018
Switzerland
ELM / Swiss Re – 2018

Non-Dilutive Convertible Bond

US$500 Million

Calculation Agent

May 2018
Spain
ENCE – Make-Whole call 2022 notes

Fixed Rate Bonds

€250 Million

Financial Advisor – Make-Whole Call

May 2018
Spain
NH Hotel Group – Financial Adviser 2018

Convertible Bond

€250 Million

Independent Financial Advisor

May 2018
France USA
AXA / AXA Equitable Holdings 2018

Mandatory Exchangeable

US$750 Million

Calculation Agent

April 2018
UAE UK
NMC Health – 2018

Convertible Bond

US$450 Million

Calculation Agent

April 2018
Germany
Adler RE – Fixed rate bonds Apr-18

Fixed Rate Bonds

€800 Million

Calculation Agent – Make-Whole Call

April 2018
Germany Netherlands
Shop Apotheke Europe – 2018

Convertible Bond

€75 Million

Calculation Agent

April 2018
UK
Interserve warrants 2018

Warrants

£3.6 Million

Calculation Agent

March 2018
Germany Luxembourg
Corestate – Fixed rate bond Mar-18

Fixed Rate Bonds

€300 Million

Calculation Agent – Make-Whole Call

March 2018
France
Carrefour 2018

Non-Dilutive Convertible Bond

US$500 Million

Calculation Agent

March 2018
Germany
Deutsche Rohstoff 2018

Convertible Bond

€10 Million

Calculation Agent

March 2018
Switzerland UK
Glencore 2018

Non-Dilutive Convertible Bond

US$500 Million

Calculation Agent

March 2018
Spain
Caixa Bank AT1 – 2018

Additional Tier 1 Securities

€1.25 Billion

Conversion Calculation Agent

March 2018
Germany
Vonovia – 3 Fixed rate bonds Mar-18

Fixed Rate Bonds

€1.5 Billion

Calculation Agent – Make-Whole Call

March 2018
Belgium
Econocom 2018

Convertible Bond

€200 Million

Calculation Agent

February 2018
Italy
Beni Stabili – Make Whole call 2019 notes

Fixed Rate Bonds

€250 Million

Financial Advisor – Make-Whole Call

February 2018
France
Nexity 2018

Convertible Bond

€200 Million

Calculation Agent

February 2018
Austria
AMS 2018

Convertible Bond

€600 Million

Calculation Agent

February 2018
Germany
Coreo – Warrant valuation 2018

Warrants

€1.56 Million

Independent Valuer

February 2018
Spain
ENCE 2018

Convertible Bond

€160 Million

Calculation Agent

January 2018
South Africa
Sibanye Stillwater – Valuation Adviser 2018

Convertible Bond

US$450 Million

Valuation Advisor

January 2018
Germany
Vonovia – 2 Fixed rate bonds Jan-18

Fixed Rate Bonds

€1 Billion

Calculation Agent – Make-Whole Call

January 2018
Canada UK
Endeavour Mining

Convertible Bond

US$300 Million

Calculation Agent

January 2018
Spain
Cellnex 2018

Convertible Bond

€600 Million

Calculation Agent

January 2018
France
Michelin 2018

Non-Dilutive Convertible Bond

US$600 Million

Calculation Agent

December 2017
Germany
Deutsche Post DHL Group 2017

Convertible Bond

€1 Billion

Calculation Agent

November 2017
Sweden
SAS – CB opinion 2017

Convertible Bond

SEK1.6 Billion

Independent Advisor

November 2017
UK
Direct Line Group 2017

Restricted Tier 1 Notes

£350 Million

Conversion Calculation Agent

November 2017
France
Maisons du Monde 2017

Convertible Bond

€200 Million

Calculation Agent

November 2017
Netherlands
BE Semiconductors 2017

Convertible Bond

€175 Million

Calculation Agent

November 2017
Germany
Corestate Capital 2017

Convertible Bond

€200 Million

Calculation Agent

November 2017
Germany
Consus Real Estate 2017

Convertible Bond

€250 Million

Calculation Agent

October 2017
Netherlands
Fugro 2017

Convertible Bond

€100 Million

Calculation Agent

October 2017
Germany
GK Software 2017

Convertible Bond

€15 Million

Calculation Agent

October 2017
Netherlands
ASR RT1 2017

Restricted Tier 1 Notes

€300 Million

Conversion Calculation Agent

October 2017
France
Figeac Aero 2017

Convertible Bond

€100 Million

Calculation Agent

October 2017
Germany
SLM Solutions 2017

Convertible Bond

€58.5 Million

Calculation Agent

September 2017
Spain
Telefonica – MCB opinion 2017

Mandatory Convertible

€1.5 Billion

Independent Advisor

September 2017
France
Vallourec 2017

Convertible Bond

€250 Million

Calculation Agent

September 2017
Germany
Deutsche Wohnen 2017-Sept

Convertible Bond

€800 Million

Calculation Agent

September 2017
Germany
Vonovia – Fixed rate bond Sep-17

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

September 2017
Austria
CA Immo 2017

Convertible Bond

€200 Million

Calculation Agent

September 2017
Austria
AMS 2017

Convertible Bond

US$350 Million

Calculation Agent

September 2017
India UK
Volcan Holdings II – Anglo American

Mandatory Exchangeable

£1.5 Billion

Calculation Agent

September 2017
South Africa
Sibanye 2017

Convertible Bond

US$450 Million

Calculation Agent

September 2017
France
Artemis-Kering 2017

Non-Dilutive Exchangeable Bond

€375 Million

Calculation Agent

September 2017
Germany Netherlands
Qiagen 2017

Convertible Bond

US$400 Million

Calculation Agent

September 2017
Germany
Capital Stage CB 2017

Convertible Bond

€97.3 Million

Calculation Agent

August 2017
Germany
LEG Immobilien 2017

Convertible Bond

€400 Million

Calculation Agent

August 2017
Germany
TAG Immobilien

Convertible Bond

€262 Million

Calculation Agent

July 2017
Italy Spain
Telefonica – TIM – MEB opinion

Mandatory Exchangeable

€750 Million

Independent Advisor

June 2017
UK
Hurricane Energy

Convertible Bond

US$230 Million

Calculation Agent

June 2017
Germany
Henkel – Fixed rate bond Jun-17

Fixed Rate Bonds

US$600 Million

Calculation Agent – Make-Whole Call

June 2017
France
Korian

Convertible Bond

€240 Million

Calculation Agent

June 2017
France Italy
STMicroelectronics 2017

Convertible Bond

US$1.5 Billion

Calculation Agent

June 2017
France UK
Orange-BT

Exchangeable Bond

£517.3 Million

Calculation Agent

June 2017
Italy
Astaldi

Convertible Bond

€140 Million

Calculation Agent

June 2017
Germany
Symrise

Convertible Bond

€400 Million

Calculation Agent

June 2017
France
Carrefour

Non-Dilutive Convertible Bond

US$500 Million

Calculation Agent

June 2017
France
Orpar-Remy Cointreau

Exchangeable Bond

€200 Million

Calculation Agent

June 2017
Germany
Bayer-Covestro 2017

Exchangeable Bond

€1 Billion

Calculation Agent

June 2017
Spain
CaixaBank AT1

Additional Tier 1 Securities

€1 Billion

Conversion Calculation Agent

May 2017
UK
Hansteen calculations adviser 2017

Convertible Bond

€100 Million

Calculations Advisor

May 2017
UK
Hansteen – CB opinion 2017

Convertible Bond

€100 Million

Independent Advisor

May 2017
South Africa
Implats 2017

Convertible Bond

ZAR3.25 Billion

Calculation Agent

May 2017
Denmark
GN

Bond with Warrants

€225 Million

Calculation Agent

April 2017
UK
Tullow 2017 rights issue – employee compensation plans

Employee Compensation Plans

£607 Million

Financial Advisor

April 2017
Spain
Indra – CB opinion 2017

Convertible Bond

€250 Million

Independent Financial Advisor

May 2017
Germany
K+S – Fixed rate bond May-17

Fixed Rate Bonds

€625 Million

Calculation Agent – Make-Whole Call

March 2017
UK
Derwent London calculations adviser 2017

Convertible Bond

£150 Million

Calculations Advisor

March 2017
UK
Great Portland Estates calculations advisor 2017

Convertible Bond

£150 Million

Calculations Advisor

March 2017
India UK
Volcan – Anglo American

Mandatory Exchangeable

£2 Billion

Calculation Agent

March 2017
Italy
SNAM

Convertible Bond

€400 Million

Calculation Agent

March 2017
UK
RSA RT1 – DKK

Restricted Tier 1 Notes

DKK650 Million

Conversion Calculation Agent

March 2017
UK
RSA RT1 – SEK

Restricted Tier 1 Notes

SEK2.5 Billion

Conversion Calculation Agent

March 2017
Germany
RAG – Evonik 2017

Exchangeable Bond

€500 Million

Calculation Agent

March 2017
Germany
BASF

Non-Dilutive Bond with Warrants

US$600 Million

Calculation Agent

February 2017
Germany
Deutsche Wohnen 2017

Convertible Bond

€800 Million

Calculation Agent

February 2017
Germany
Air Berlin

Convertible Bond

€125 Million

Calculation Agent

February 2017
Germany
Grammer MCB

Mandatory Convertible

€60 Million

Calculation Agent

February 2017
France
Vinci

Non-Dilutive Convertible Bond

US$450 Million

Calculation Agent

January 2017
France
Inventiva IPO 2017

Options

€48 Million

Valuation Advisor

January 2017
Germany
Vonovia – 2 Fixed rate bonds Jan-17

Fixed Rate Bonds

€1 Billion

Calculation Agent – Make-Whole Call

January 2017
Germany
Fresenius – 4 Fixed rate bonds Jan-17

Fixed Rate Bonds

€2.6 Billion

Calculation Agent – Make-Whole Call

January 2017
Germany
Fresenius

Non-Dilutive Convertible Bond

€500 Million

Calculation Agent

January 2017
Austria
Immofinanz

Convertible Bond

€297 Million

Calculation Agent

January 2017
Italy
Prysmian

Convertible Bond

€400 Million

Calculation Agent

January 2017
UK
Standard Chartered AT1 2017

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

January 2017
France
Michelin

Non-Dilutive Convertible Bond

US$500 Million

Calculation Agent

December 2016
Germany
Knorr Bremse – Fixed rate bond Dec-16

Fixed Rate Bonds

€500 Million

Calculation Agent – Make-Whole Call

December 2016
Italy Poland
UniCredit – Bank Pekao

Mandatory Exchangeable

€518 Million

Calculation Agent

December 2016
Belgium
Greenyard

Convertible Bond

€125 Million

Calculation Agent

December 2016
Netherlands
Pharming

Convertible Bond

€13 Million

Calculation Agent

November 2016
Netherlands
Besi

Convertible Bond

€125 Million

Calculation Agent

November 2016
France
Novasep

Warrants

€182 Million

Calculation Agent

November 2016
Spain
Damm – Ebro

Exchangeable Bond

€200 Million

Calculation Agent

November 2016
Germany
Bayer MCB

Mandatory Convertible

€4 Billion

Calculation Agent

November 2016
Netherlands
ING AT1 2016

Additional Tier 1 Securities

US$1 Billion

Conversion Calculation Agent

November 2016
France
Groupe SEB

Convertible Bond

€150 Million

Calculation Agent

November 2016
Italy
Telecom Italia – MCB opinion

Mandatory Convertible

€1.3 Billion

Financial Advisor

November 2016
UK
Sirius Minerals

Convertible Bond

US$400 Million

Calculation Agent

October 2016
Germany
TUI AG – Fixed rate bond Oct-16

Fixed Rate Bonds

€300 Million

Determination Agent – Make-Whole Call

October 2016
UK
Intu Properties

Convertible Bond

£375 Million

Calculation Agent

October 2016
France
Rallye – Casino

Non-Dilutive Exchangeable Bond

€200 Million

Calculation Agent

October 2016
Netherlands
Fugro

Convertible Bond

€190 Million

Calculation Agent

September 2016
Spain
Masmovil

Convertible Bond

€165 Million

Calculation Agent

September 2016
Sweden
Recipharm

Convertible Bond

SEK1 Billion

Calculation Agent

September 2016
France
Eramet

Convertible Bond

€100 Million

Calculation Agent

September 2016
France
Credit Agricole – Eurazeo

Exchangeable Bond

€308 Million

Calculation Agent

September 2016
France
Ubisoft

Convertible Bond

€400 Million

Calculation Agent

September 2016
Norway
Telenor – Vimpelcom

Exchangeable Bond

US$1 Billion

Calculation Agent

September 2016
Belgium
Cofinimmo

Convertible Bond

€219 Million

Calculation Agent

September 2016
South Africa UK
Redefine Properties – Redefine International

Exchangeable Bond

€150 Million

Calculation Agent

September 2016
Germany
Kloeckner

Convertible Bond

€148 Million

Calculation Agent

August 2016
UK
Inmarsat

Convertible Bond

US$650 Million

Calculation Agent

August 2016
UK
Standard Chartered AT1 2016

Additional Tier 1 Securities

US$2 Billion

Conversion Calculation Agent

July 2016
UK
Tullow Oil

Convertible Bond

US$300 Million

Calculation Agent

July 2016
Belgium
Nyrstar

Convertible Bond

€115 Million

Calculation Agent

September 2016
Germany
Henkel – 4 Fixed rate bonds Sep-16 – £ tranche

Fixed Rate Bonds

£300 Million

Calculation Agent – Make-Whole Call

September 2016
Germany
Henkel – 4 Fixed rate bonds Sep-16 – US$ tranches

Fixed Rate Bonds

US$750 Million

Calculation Agent – Make-Whole Call

September 2016
Germany
Henkel – 4 Fixed rate bonds Sep-16 – € tranches

Fixed Rate Bonds

€1.2 Billion

Calculation Agent – Make-Whole Call

June 2016
Germany
Vonovia – 2 Fixed rate bonds Jun-16

Fixed Rate Bonds

€1 Billion

Calculation Agent – Make-Whole Call

June 2016
France Germany
Airbus-Dassault

Exchangeable Bond

€1.08 Billion

Calculation Agent

June 2016
France
Valeo

Non-Dilutive Convertible Bond

US$450 Million

Calculation Agent

June 2016
Netherlands
BAM

Convertible Bond

€125 Million

Calculation Agent

June 2016
Ireland
Glanbia

Exchangeable Bond

€100 Million

Calculation Agent

May 2016
Germany
MTU Aero Engines AG

Convertible Bond

€500 Million

Calculation Agent

May 2016
France
Nexity

Convertible Bond

€270 Million

Calculation Agent

May 2016
France
Wendel-Saint Gobain

Exchangeable Bond

€500 Million

Calculation Agent

May 2016
UK
BP Hedged CB

Non-Dilutive Convertible Bond

£400 Million

Calculation Agent

May 2016
Belgium
Bekaert 2016

Convertible Bond

€380 Million

Calculation Agent

May 2016
UAE
EA Partners II B.V.

Fixed Rate Bonds

US$500 Million

Calculation Agent

April 2016
UK
BUPA

Fixed Rate Bonds

£235 Million

Financial Advisor – Make-Whole Call

April 2016
Italy
Eni Hedged CB

Non-Dilutive Convertible Bond

€400 Million

Calculation Agent

March 2016
Spain
Caixabank-Repsol IFA

Mandatory Exchangeable

€594 Million

Independent Advisor

March 2016
South Africa UK
Remgro-Mediclinic

Exchangeable Bond

£350 Million

Calculation Agent

March 2016
Spain
Telefonica Hedged CB

Non-Dilutive Convertible Bond

€600 Million

Calculation Agent

March 2016
Germany
Covestro – 2 Fixed rate bonds Mar-16

Fixed Rate Bonds

€1 Billion

Calculation Agent – Make-Whole Call

February 2016
UK
Vodafone Hedged MCB

Non-Dilutive Mandatory Convertible

£2.88 Billion

Calculation Agent

February 2016
Germany
Grand City Properties 2016

Convertible Bond

€450 Million

Calculation Agent

February 2016
Spain
Natra

Convertible Bond

€14.7 Million

Calculation Agent

February 2016
France
LVMH

Non-Dilutive Convertible Bond

US$600 Million

Calculation Agent

January 2016
France
Technip

Non-Dilutive Convertible Bond

€275 Million

Calculation Agent

January 2016
France
Eduniversal mandatory

Mandatory Convertible

€1 Million

Calculation Agent

December 2015
Germany
Vonovia – 2 Fixed rat bonds Dec-15

Fixed Rate Bonds

€2.25 Billion

Calculation Agent – Make-Whole Call

December 2015
France
Medtech

Convertible Bond + Warrants

€14 Million

Calculation Agent

December 2015
UK
Standard Chartered

Additional Tier 1 Securities

US$2 Billion

Calculations Advisor

December 2015
Cyprus Germany
Aroundtown

Convertible Bond

€300 Million

Calculation Agent

November 2015
France
Total

Non-Dilutive Convertible Bond

US$1.2 Billion

Calculation Agent

November 2015
Germany
Brenntag

Bond with Warrants

US$500 Million

Calculation Agent

November 2015
Germany
Aurelius

Convertible Bond

€166 Million

Calculation Agent

November 2015
Italy
FCT-Iren

Exchangeable Bond

€150 Million

Calculation Agent

November 2015
UK
Vodafone

Non-Dilutive Convertible Bond

£600 Million

Calculation Agent

November 2015
Spain
Iberdrola

Non-Dilutive Convertible Bond

€500 Million

Calculation Agent

October 2015
Germany
Grand City Properties 2015

Convertible Bond

€275 Million

Calculations Advisor

October 2015
Italy
Edizione-Pirelli IFA

Exchangeable Bond

€200 Million

Independent Advisor

October 2015
Spain
GVM-OHL

Exchangeable Bond

€150 Million

Independent Financial Advisor

October 2015
France
BIM-Elior

Exchangeable Bond

€200 Million

Calculation Agent

September 2015
South Africa
Brait

Convertible Bond

£350 Million

Calculation Agent

September 2015
Mexico Netherlands
America Movil – KPN MEB

Mandatory Exchangeable

€750 Million

Calculation Agent

September 2015
Germany
Merck – 2 Fixed rate bonds Sep-15

Fixed Rate Bonds

€1.35 Billion

Calculation Agent – Make-Whole Call

September 2015
Netherlands UAE
EA Partners I B.V.

Fixed Rate Bonds

US$700 Million

Calculation Agent

August 2015
Germany
Avatera Medical

Pre-IPO Convertible Bond

€75 Million

Calculation Agent

July 2015
Italy
Beni Stabili

Convertible Bond

€200 Million

Calculation Agent

July 2015
Germany
RNTS Media

Convertible Bond

€100 Million

Calculation Agent

July 2015
France
Touax

Convertible Bond

€23 Million

Calculation Agent

June 2015
France Germany
Airbus Group

Convertible Bond

€500 Million

Calculation Agent

June 2015
France
Neopost

Convertible Bond

€265 Million

Calculation Agent

June 2015
UK
British Land

Convertible Bond

£350 Million

Calculation Agent

May 2015
Mexico Netherlands
America Movil – KPN

Exchangeable Bond

€3 Billion

Calculation Agent

May 2015
Belgium
Ablynx

Convertible Bond

€100 Million

Calculation Agent

May 2015
France
Tikehau

Convertible Bond

€176 Million

Calculation Agent

May 2015
France
Salvepar

Convertible Bond

€150 Million

Calculation Agent

May 2015
Germany
Haniel / Metro – 2015

Exchangeable Bond

€500 Million

Calculation Agent

May 2015
France
Maurel et Prom 2015

Convertible Bond

€115 Million

Calculation Agent

May 2015
Italy Portugal
Eni-Galp IFA

Exchangeable Bond

€1.0 Billion

Independent Financial Advisor

May 2015
Italy
Eni-Snam IFA

Exchangeable Bond

€1.25 Billion

Independent Financial Advisor

May 2015
Switzerland
Bank Vontobel

Fairness opinion support

Undisclosed

Financial Advisor

April 2015
Cyprus Germany
AroundTown

Pre-IPO Convertible Bond

€450 Million

Calculation Agent

April 2015
Netherlands UK
Sequa Petroleum

Convertible Bond

US$300 Million

Calculation Agent

April 2015
Germany
Undisclosed Private Issuer 2015

Pre-IPO Convertible Bond

€30 Million

Calculation Agent

April 2015
Netherlands
ING T1

Additional Tier 1 Securities

US$2.25 Billion

Conversion Calculation Agent

April 2015
Belgium
Cofinimmo 2016 IFA

Convertible Bond

€173.3 Million

Independent Financial Advisor

April 2015
Belgium
Cofinimmo 2018 IFA

Convertible Bond

€190.8 Million

Independent Financial Advisor

March 2015
UK
Market Tech

Convertible Bond

£112.5 Million

Calculation Agent

March 2015
Germany
Heidelberg

Convertible Bond

€58.6 Million

Calculation Agent

March 2015
Italy UAE
Aabar-UniCredit

Exchangeable Bond

€2 Billion

Calculation Agent

March 2015
Italy
Telecom Italia 2015

Convertible Bond

€2 Billion

Calculation Agent

March 2015
Egypt UK
OCI IFA

Convertible Bond

€339 Million

Independent Financial Advisor

February 2015
Spain
TiGenix

Convertible Bond

€25 Million

Calculation Agent

February 2015
Spain USA
Abengoa – Abengoa Yield

Exchangeable Bond

US$279 Million

Calculation Agent

February 2015
Finland
Outokumpu

Convertible Bond

€250 Million

Calculation Agent

February 2015
Germany
RAG Stiftung – Evonik – Feb 2015

Exchangeable Bond

€500 Million

Calculation Agent

January 2015
Germany
SWB-Senator

Mandatory Convertible

€100 Million

Calculation Agent

December 2014
France
OVH 2

Fixed Rate Bonds

€20 Million

Calculation Agent – Make-Whole Call

December 2014
UK
Carillion

Convertible Bond

£170 Million

Calculation Agent

December 2014
Italy USA
FCA

Mandatory Convertible

US$2.875 Billion

Calculation Agent

December 2014
UAE USA
Waha Capital – AerCap 2

Collar with financing

US$445 Million

Independent Financial Advisor

November 2014
France
OVH 1

Fixed Rate Bonds

€67 Million

Calculation Agent – Make-Whole Call

November 2014
UK
Playtech

Convertible Bond

€297 Million

Calculation Agent

November 2014
Cyprus Germany
Prime City

Convertible Bond

€100 Million

Calculation Agent

November 2014
Germany UK
TUI Travel IFA

Convertible Bond

£400 Million

Independent Financial Advisor – Standby

November 2014
Spain
FCC – IFA – 2

Convertible Bond

€450 Million

Independent Financial Advisor

November 2014
Spain
FCC – Calculations Adviser

Convertible Bond

€450 Million

Calculations Advisor

September 2014
UK
Unite Group

Convertible Bond

£90 Million

Calculations Advisor

November 2014
Germany UK
TUI Travel PLC

Convertible Bond

£400 Million

Calculations Advisor

October 2014
UK
New World Resources

Mandatory Convertible

€150 Million

Calculation Agent

September 2014
UK
FTSE 100 Company

Convertible Bond

Undisclosed

Independent Financial Advisor

September 2014
Cyprus Germany
Cloud Hotels

Pre-IPO Exchangeable Bond

€75 Million

Calculation Agent

September 2014
Germany Switzerland
EON-BKW

Exchangeable Bond

€113 Million

Calculation Agent

September 2014
Spain
Telefonica MCB

Mandatory Convertible

€1.5 Billion

Calculation Agent

September 2014
Germany
SAF Holland

Convertible Bond

€100 Million

Calculation Agent

September 2014
Austria
Immofinanz-Buwog

Exchangeable Bond

€375 Million

Calculation Agent

September 2014
Germany
Deutsche Wohnen

Convertible Bond

€400 Million

Calculation Agent

September 2014
UAE USA
Waha Capital – AerCap 1

Collar with financing

US$575 Million

Independent Advisor

July 2014
Italy Spain
Telefonica-TI MEB

Mandatory Exchangeable

€750 Million

Calculation Agent

July 2014
South Africa
Aveng Group

Convertible Bond

ZAR2 Billion

Calculation Agent

June 2014
France
Aperam

Convertible Bond

US$300 Million

Calculation Agent

June 2014
France Italy
STMicroelectronics

Convertible Bond

US$1 Billion

Calculation Agent

June 2014
Greece
FF Group

Convertible Bond

€250 Million

Calculation Agent

June 2014
UAE
DP World

Convertible Bond

US$1 Billion

Calculation Agent

June 2014
UK
Helical

Convertible Bond

£100 Million

Calculation Agent

June 2014
UK
Unite – IFA

Convertible Bond

£90 Million

Independent Financial Advisor

June 2014
Belgium
Bekaert 2014

Convertible Bond

€300 Million

Calculation Agent

June 2014
France
Maurel et Prom 2014

Convertible Bond

€253 Million

Calculation Agent

June 2014
Germany
RAG Stiftung – Evonik – June 2014

Exchangeable Bond

€600 Million

Calculation Agent

May 2014
Portugal
Sonae

Convertible Bond

€210.5 Million

Calculation Agent

May 2014
Netherlands
Wereldhave

Convertible Bond

€250 Million

Calculation Agent

May 2014
Germany
Undisclosed Private Issuer 2014

Pre-IPO Exchangeable Bond

€45 Million

Calculation Agent

May 2014
Spain
SACYR IFA

Convertible Bond

€200 Million

Independent Financial Advisor

May 2014
Italy
Safilo

Convertible Bond

€150 Million

Calculation Agent

May 2014
Italy
Sogefi

Convertible Bond

€100 Million

Calculation Agent

May 2014
Sweden
Industrivarden ICA

Exchangeable Bond

SEK4.4 Billion

Calculation Agent

April 2014
Canada USA
Mandalay Resources

Exchangeable Bond

US$60 Million

Calculation Agent

April 2014
Spain
FCC – IFA – 1

Convertible Bond

€450 Million

Independent Financial Advisor

April 2014
Netherlands
Vastned Retail

Convertible Bond

€110 Million

Calculation Agent

April 2014
Germany
LEG Immobilien

Convertible Bond

€300 Million

Calculation Agent

April 2014
Italy
Gruppo Editoriale L’Espresso

Convertible Bond

€100 Million

Calculation Agent

April 2014
UK
Global Resources Investment Trust

Convertible Bond

Undisclosed

Independent Valuer

March 2014
Germany
Cancom

Convertible Bond

€45 Million

Calculation Agent

March 2014
Spain
ACS-Iberdrola

Exchangeable Bond

€406 Million

Calculation Agent

March 2014
Germany Netherlands
QIAGEN

Convertible Bond

US$730 Million

Calculation Agent

February 2014
UK
St Modwen

Convertible Bond

£100 Million

Calculation Agent

February 2014
France
Suez

Convertible Bond

€350 Million

Calculation Agent

February 2014
Sweden
SAS IFA

Convertible Bond

SEK1.6 Billion

Independent Financial Advisor

February 2014
Italy
Maire Tecnimont

Convertible Bond

€80 Million

Calculation Agent

January 2014
Czechia Hungary
CEZ-MOL

Exchangeable Bond

€470 Million

Calculation Agent

January 2014
Spain
Acciona

Convertible Bond

€342 Million

Calculation Agent

January 2014
Belgium
Econocom

Convertible Bond

€175 Million

Calculation Agent

December 2013
Germany
Epigenomics

Convertible Bond

€2.675 Million

Calculation Agent

December 2013
Germany
Drillisch

Convertible Bond

€100 Million

Calculation Agent

November 2013
Canada
Uranium One

Interest Rate Hedging

US$300 Million

Independent Financial Advisor

November 2013
Italy
Edizione-Pirelli

Exchangeable Bond

€200 Million

Calculation Agent

November 2013
Germany
Deutsche Wohnen

Convertible Bond

€250 Million

Calculation Agent

November 2013
Spain
La Caixa/Caixabank

Convertible Bond

€750 Million

Calculation Agent

November 2013
UK
Balfour Beatty

Convertible Bond

£253 Million

Calculation Agent

November 2013
Spain
Caixabank-Repsol

Mandatory Exchangeable

€594 Million

Calculation Agent

November 2013
Italy
Telecom Italia 2013

Mandatory Convertible

€1.3 Billion

Calculation Agent

November 2013
Italy
Ampliter-Amplifon

Exchangeable Bond

€135 Million

Calculation Agent

October 2013
France USA
Undisclosed Public Company

Employee Compensation Plans

Size Undisclosed

Independent Valuer

October 2013
Italy
Beni Stabili

Convertible Bond

€270 Million

Calculation Agent

October 2013
Spain
ACS-Iberdrola 2

Exchangeable Bond

€721 Million

Calculation Agent

September 2013
Belgium
Sagerpar-GBL

Convertible Bond

€428 Million

Calculation Agent

September 2013
Egypt UK
OCI

Convertible Bond

€339 Million

Calculation Agent

September 2013
UK
Enterprise Inns

Convertible Bond

£97 Million

Calculation Agent

September 2013
Canada
Uranium One

Foreign exchange hedging

Size Undisclosed

Independent Financial Advisor

July 2013
Italy
Buzzi Unicem

Convertible Bond

€200 Million

Calculation Agent

July 2013
UK
Financial regulator

Undisclosed Instrument

Size Undisclosed

Expert Report

May 2013
Portugal
Amorim-Galp

Exchangeable Bond

€400 Million

Calculation Agent

August 2013
Greece
Intralot

Convertible Bond

€140 Million

Independent Financial Advisor

April 2013
UAE
Dana Gas Non-Convertible Sukuk

Sukuk

US$425 Million

Calculation Agent

April 2013
UAE
Dana Gas Convertible Sukuk

Convertible Sukuk

US$425 Million

Calculation Agent

February 2013
Germany
Air Berlin

Convertible Bond

€140 Million

Calculation Agent

February 2013
Cyprus Greece
Intralot

Additional Tier 1 Securities

Size Undisclosed

Independent Valuer

February 2013
South Africa
Implats

Convertible Bond

US$500 Million

Calculation Agent

February 2013
Germany
Kuka

Convertible Bond

€150 Million

Calculation Agent

January 2013
Luxembourg
Arcelor Mittal

Mandatory Convertible

US$2.25 Billion

Calculation Agent

December 2012
Germany
Deutsche Post DHL

Convertible Bond

€1 Billion

Calculation Agent

November 2012
Germany
GSW

Convertible Bond

€186 Million

Calculation Agent

May 2012
USA
Undisclosed Public Company

Convertible Bond

Size Undisclosed

Expert witness

Contact US

Address

80 Coleman Street
London EC2R 5BJ
United Kingdom

Address

Inifinitus Plaza, 35/F
199 Des Voeux Road Central
Hong Kong SAR

Contact the ConvEx team