Shun Tak completes HK$1.55bn convertible bond sale
Shun Tak Holdings, the Macau property to ferry conglomerate, increased the size of last week's well-received convertible bond issue on Friday in another sign of rebounding confidence in Macau's economic recovery.
Sole lead manager Credit Suisse exercised an overallocation option, increasing the size of the five year deal from HK$1.395bn to HK$1.55bn ($199m) after Shun Tak launched the bonds late on Thursday.
It is the latest Hong Kong-listed company to turn to the convertible market for funding, following a
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