Top Glove nabs $200m from debut equity-linker

Surgical gloves fotolia
By Jonathan Breen
21 Feb 2019

Malaysia-based firm Top Glove Labuan tapped the equity-linked market for the first time on Wednesday, raising $200m after printing a five year non-call three exchangeable bond.

The issuer is an investment holding company wholly-owned by Top Glove Corp, the world’s largest maker of disposable rubber gloves. The notes are exchangeable into shares of the parent.

Bookrunner trio BNP Paribas, CIMB and Citi launched the deal with a base size of $200m and a $50m ...

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