QIAGEN N.V. has launched an issuance of USD 500 million senior unsecured net share settled convertible bonds. This type of bond differs from "regular" convertible bonds in that they may only partly - for the amount "in the money" under the embedded warrant - be converted into ordinary shares of the company. In the event of an exercise of their conversion right, holders of the convertible bonds receive a cash amount equivalent to the par value of the convertible bonds, plus a number of shares such that the sum of the cash amount and value of shares delivered is equivalent to the value of the shares underlying the convertible bonds. The 7-year convertible bonds with a denomination of USD 200,000 each carry a conversion price that represents a premium of 44% above the reference price of the shares.