GC
Alibaba drives Best CB debut on NYSE
Chinese logistics company Best has sealed a $175m convertible bond, benefitting from a jumbo anchor order from Alibaba Group Holding.
Credit Suisse, Goldman Sachs and JP Morgan opened the book for the five year CB, non-callable but puttable in year three, at a coupon range of 1.25% to 1.75% and a conversion premium of 30% to 35% on September 12 in Hong Kong.
The deal was well anticipated ...Already a subscriber? Login
