Country Garden bags $3bn in equity, equity-linked sale

By John Loh
17 Jan 2018

Country Garden Holdings pocketed HK$23.5bn ($3bn) from a dual-tranche sale of shares and convertible bonds on Tuesday, pricing the equity-linked portion at the best end for investors.

Sole global co-ordinator Goldman Sachs launched the overnight fundraising with fixed terms for the block and a marketing range for the bonds.

The 460m primary shares in the top-up placement were pitched to investors at HK$17.13 apiece, for a discount of 3.7% to the pre-deal spot of ...

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