Briefs: Zip completes notes issue, Innovation adds to iSelect stake 16 April 2021 5:46AM Banking Day staff Briefs, Debt capital markets, M&A, Comparison site Zip Co has completed an issue of zero coupon senior unsecured convertible notes, raising A$400 million. The notes, which mature in 2028, are convertible into fully paid ordinary Zip shares at a conversion price of $12.39, which represents a 35 per cent premium over the reference share price. Zip said it would use the funds to drive growth in core markets and expand into new markets. Innovation Holdings, which owns comparison site comparethemarket.com.au, plans to increase its stake in rival iSelect from 29 per cent to 35 per cent. The ACCC issued a statement yesterday saying it did not oppose the acquisition of another 6 per cent of iSelect.