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Nio wins tight pricing for $1.3bn dual-tranche CB
Electric vehicle manufacturer Nio raised $1.3bn from a dual-tranche convertible bond this week, while trimming its existing debt with a concurrent buyback.
14 Jan 2021 -
China Maple Leaf makes CB debut
China Maple Leaf Educational Systems debuted in the equity-linked market on Tuesday with a $125m convertible bond.
13 Jan 2021 -
Nio adds to funding spree with $1.3bn dual-tranche CB
Chinese electric vehicle manufacturer Nio is tapping the equity-linked market for a jumbo convertible bond, as it looks to add more to its coffers just a month after a multi-billion-dollar share sale.
12 Jan 2021 -
Hansoh Pharma, Hongqiao tap Asia CB market
Hong Kong-listed Hansoh Pharmaceutical Group and China Hongqiao Group have added to the burst of convertible bond activity in the first week of 2021, raising a combined $900m from the equity-linked market on Thursday.
08 Jan 2021 -
Zhejiang Expressway nets €230m from year's debut Asia CB
Chinese toll road operator Zhejiang Expressway kick-started Asia's equity-linked market this week, dipping into euros for the year’s first convertible bond. It plans to use all the proceeds to repay debt.
06 Jan 2021 -
iQiyi adds to stream of ADS fundraisings
US-listed Chinese companies have raised more than $12bn from equity investors in the past month, with iQiyi becoming the latest to simultaneously sell a convertible bond and price a follow-on offering of its American depositary shares. With valuations soaring for many of these stocks, bankers expect more issuers to jump into the market in 2021, writes Jonathan Breen.
17 Dec 2020 -
Baidu-backed iQiyi eyes $1.7bn from CB/follow-on combo
Chinese streaming platform iQiyi has kicked off a combined convertible bond and follow-on offering that could raise around $1.7bn.
16 Dec 2020 -
GlobalCapital Asia awards 2020: Equities
In the second part of GlobalCapital Asia’s awards announcements, we reveal the standout deals and banks in the equity capital market.
09 Dec 2020 -
Xiaomi makes a splash with $4bn CB/top-up
Smartphone maker Xiaomi Corp pocketed $3.96bn this week from a record top-up placement and concurrent convertible bond issue. Investors flocked to the transaction for its rarity value, investment grade rating and the offer of a liquid and volatile stock. Jonathan Breen reports.
03 Dec 2020 -
Xiaomi bags $4bn from CB, share sale combo
Chinese smartphone maker Xiaomi Corp has raised $3.96bn from a concurrent top-up placement and convertible bond issue.
02 Dec 2020
