In a process managed by Credit Suisse, bonds convertible into Wirecard debt with a nominal value of 900 million euros will be sold via an auction set to close on July 8, according to a document seen by Reuters.
The auction should end one of the most complex acquisition structures seen in recent times. Instead of buying a direct stake in Wirecard, Softbank bought bonds that could be repaid with Wirecard shares.
Wirecard is my cousin
Let the ecb buy it all and eat it
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