Market Chatter: Sigma Mulls AU$1 Billion Convertible Bond Issue

MT Newswires Live
01 Apr

Sigma Healthcare (ASX:SIG) is considering raising capital through a convertible bond issue, with analysts speculating a raise of up to AU$1 billion, according to a Monday report by the Australian, citing unnamed sources.

The move is part of the company's strategy to manage debt following its AU$33 billion merger with retail pharmacy chain Chemist Warehouse earlier this year, the report said.

Sigma did not immediately respond to a comment request from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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