Zhongsheng launches HK$3.9bn CB buyback

By Jonathan Breen
12 May 2020

Zhongsheng Group Holdings is issuing a HK$3.88bn ($500m) zero-coupon convertible bond to fund the repurchase of an outstanding CB.

The global co-ordinators and bookrunners, Bank of America and Morgan Stanley, kicked off an accelerated bookbuild for the deal on Tuesday, after trading ended in Hong Kong, according to a term sheet seen by GlobalCapital Asia.

The duo is marketing the five non-put three year CB with a ...

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