Greenshoe option of TUI convertible bond exercised

Greenshoe option of TUI convertible bond exercised Hapag-Lloyd’s parent company TUI AG said today the greenshoe option in connection with the offering of a convertible bond has been fully exercised.
   TUI had granted the banks managing the placement a greenshoe option of up to 61.5 million euros ($82.6 million) making the total amount of the unsecured, unsubordinated convertible bond 694 million euros ($932 million).