Accloud lists Convertible Bond
Accloud has listed a convertible bond on the Vienna Stock Exchange, using DWF (Italian Branch) and Bowsprit Partners Ltd acted as structuring agent. The bond is listed for a principal amount of 10 million euro with with a duration of 2-years.
This forms the company’s pre-IPO round, and all bonds will convert into equities when Accloud lists its stocks.
The funds will be used as a part of the company’s commercialisation programs in India and Africa.