Fosun rides market rally to raise bigger $800m
Fosun International benefitted from a stable post-Fed market in Asia on Thursday, enjoying investors’ full attention to price a larger-than-expected $800m deal. The bond is now the largest print from a Chinese high yield industrial company since May 2013, according to Dealogic.
Fosun became the only Asian issuer in the dollar bond market on Thursday following the Federal Reserve’s decision to raise the US benchmark interest rate by 25bp to 0.75%-1.00%.
The Chinese borrower most recently sold a $590m 5.5% 2023 via a private placement last year, which was
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