Equity-linked bond trio hits Hong Kong market

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By Jonathan Breen
18 Jun 2020

The Asian equity-linked bond market was flooded with deals on Wednesday as Far East Horizon, 3SBio and China Mengniu Dairy tapped investors for a combined $760m.

Chinese financial services firm Far East Horizon jumped at the chance to sell its debut convertible bond, targeting $300m from a five year non-call three issuance.

The global co-ordinators, bookrunners and lead managers for the deal, Citi, HSBC and UBS, launched an accelerated bookbuild at just before 5pm ...

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