Delivery Hero ramps up interest payments to raise $1b in convertible bonds

Delivery Hero ramps up interest payments to raise $1b in convertible bonds

The Delivery Hero's logo is pictured at its headquarters in Berlin, Germany, August 18, 2020. REUTERS/Fabrizio Bensch

Germany’s Delivery Hero said it raised 1 billion euros ($1.07 billion) through an issue of convertible debt late on Monday, after wooing investors with significantly higher interest payments than it has offered in the past.