Enjoy issues convertible bonds, shares

Enjoy issues convertible bonds, shares

Corporate & Sovereign Strategy Bonds Equity Debt Tourism Coronavirus Andean Latin America South America Chile Argentina Uruguay

Chilean casino and hotel operator Enjoy said it raised CLP28.4 billion ($40.3 million) in a preferred offering of new convertible bonds and shares, a latest move to restore its finances after revenue fell during the first year of the COVID-19 pandemic. The company earned CLP13.1 billion from the sale of 2.3 billion shares and issued CLP15.3 billion in bonds, it said in a securities filing on Monday evening. Enjoy missed the target of 9.4 billion shares and CLP233 billion in bonds, but it said it

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