A UK company issues $21 million in Bitcoin convertible bonds, setting a precedent in the UK Capital Market.

[Coin World] According to reports, the UK listed company Smarter Web Company announced the issuance of $21 million in Convertible Bonds priced in Bitcoin, fully subscribed by institutional investor TOBAM. The bond has a zero-coupon structure, allowing conversion to stock at a 5% premium, includes Bitcoin-based downside protection, and limits the proportion of purchased Bitcoin to within 30%. This is the first such financing case in the UK's Capital Market.

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PerpetualLongervip
· 08-06 13:18
The pro of the institution deserves the big pump, while the small investors can't even buy the dip.
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LiquidityWizardvip
· 08-06 07:25
theoretically speaking, 5% conversion premium is suboptimal given btc's volatility metrics
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Fren_Not_Foodvip
· 08-06 07:21
trap miserable the first to eat crabs
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TokenUnlockervip
· 08-06 07:18
Ah, the British have finally come to their senses.
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WagmiOrRektvip
· 08-06 07:07
Tsk, TradFi has finally woken up.
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