Chaowei, China Merchants open way for CB revival
Two convertible bonds priced at the start of the week reflecting increased comfort among investors with the global economy, said bankers. And this has inspired hope for more CB issuance in the next few days.
Chaowei Power Holdings raised Rmb663m ($100m) from a synthetic renminbi convertible bond and toll road operator China Merchants Holdings raised HK$1.163bn ($150m). The two five year deals are callable and puttable after three years, and both priced on Monday night.
It feels as if the market is alive and
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.