EMI raises $243m in debt revamp

13 April 2012

EMI Group raised $243m (£153m) today through seven-year convertible bonds as part of an ongoing rejig of its £860m debt.

The bonds pay a 5.25% coupon, at the lower end of expectations, and are priced at a premium of 41% to the music group's closing share price yesterday of 137p.

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