Republic of Austria launches first exchangeable bond

Merrill Lynch and JP Morgan have built on their relationship with Telekom Austria by leading the Republic of Austria's first equity-linked bond, a €325m ($372m) exchangeable into Telekom Austria shares.

In November 2002, Merrill and JP Morgan were joint bookrunners of Telecom Italia's €489m sale of shares in Telekom Austria, the equivalent of a year's trading volume in the stock.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump