Anta Sports launches €1bn zero coupon CB

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By Jonathan Breen
13 Jan 2020

Hong Kong-listed Anta Sports Products hit the market with a €1bn convertible bond on Monday after the close of business, according to a term sheet seen by GlobalCapital Asia.

The Chinese sportswear manufacturer and retailer is issuing a five year zero coupon convertible bond, which is puttable by investors after three years, through its wholly-owned subsidiary Anllian Capital. The parent has guaranteed all of the payments due by Anllian.

Joint bookrunners Bank of America, Citi and Morgan ...

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