Urbas Grupo Financiero, S.A. announced that it will issue a private placement of convertible bonds to receive €42.8 million in a round of funding on July 26, 2021. The transaction will include participation from Global Tech Opportunities 10. The bonds will mature after 12 months of issuance. The securities will be all or part convertible and the conversion price will be the higher of these 92% of the last closing price of the company's shares or the nominal value of the company's securities. The transaction is expected to close within 30 months. The first tranche of 680 convertible bonds for proceeds of €6.8 million is approved by the board of directors of the company.