Subex Azure launches $180m bonds

Subex Azure has successfully launched and priced an offering of $180 million worth of foreign currency convertible bonds, following the approval of the fund raising activity by the company's shareholders.


According to the company, part of the proceeds of the bond issuance will be used to fund its proposed acquisition of Syndesis, which has been valued at $165.4 million.


The bonds have recently been admitted to trading on the London Stock Exchange.