VNU's new bond issue finally hits the spot

Strong demand has allowed VNU to increase the size of a new convertible bond just weeks after the failed conversion of a previous issue and the cancellation of an equity issue.

The Dutch media and information company launched a €900m ($803.1m) convertible bond on Thursday morning, which was increased by 09:30 GMT to €1bn with a 15% greenshoe. The greenshoe over-allotment option allows the bank to sell more paper if there is additional demand.

WSJ Logo
What to Watch at the Strangest Fed Meeting in YearsExternal link

What to Watch at the Strangest Fed Meeting in Years