Telix Pharmaceuticals upsizes convertible bond offering to $600m

Telix Pharmaceuticals has upsized its convertible bond offering to $600m after strong institutional demand, pricing the five-year notes at a 1.5% coupon to fund a major repurchase of its existing 2029 paper.
Telix Pharmaceuticals upsizes convertible bond offering to $600m

Australian biopharmaceutical company Telix Pharmaceuticals has successfully priced an upsized $600 million convertible bond offering through its US subsidiary, increasing the deal from an initial $550 million target.

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