Business
ASX 200 rises, Webjet sinks, Boral climbs Thursday 1 April 2021
The S&P/ASX 200 Index (ASX: XJO) went up by 0.6% to 6,829 points.
Company announcements were the cause of the biggest movers within the ASX 200.
These are some of the highlights from the day:
The Webjet share price fell more than 5% after announcing a convertible note offering.
It said that it has successfully priced its AU$25 million convertible notes which are due in 2026.
The notes will have a coupon of 0.75% per annum, paid on a semi-annual basis. The notes will be convertible into fully paid ordinary shares with an initial conversion price of $6.35 per share, which represents a conversion premium of 22.5% compared to the reference share price of $5.18.
The net proceeds are expected to be approximately $246 million after the…
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