UPDATE 1-SGL issues bond to fund renewables growth

Newswire

* Issues 7-yr 190 mln eur convertible bond * Equity capital could rise by up to 10 pct * Bond pays 3.5 pct annual coupon * To boost output of parts for wind turbines, batteries * Shares drop 5.3 percent (Adds details, background) FRANKFURT, June 25 (Reuters) - SGL Group , maker of electrodes for steel furnaces, placed a 190 million euro ($267.4 million) convertible bond to fund an expansion into supplies for the alternative energy industry. The German company said on Thursday the ...

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