Spain's Urbas Guadahermosa plans to issue EUR 150 mln of convertible bonds to improve the company's financial position. The first part of the operation involving EUR 45 mln in bonds is to be completed before 31 October. These bonds will be converted into shares within four to six months, the company said.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
