China Unicom raises $1.8bn from Asia’s biggest ever CB
China Unicom completed the largest ever convertible bond in Asia ex-Japan on Monday, raising $1.838bn from a rare investment grade CB issue.
It comfortably beat the previous largest convertible, by Sinopec, which raised $1.5bn in 2007. Hutchison Whampoa has done a larger exchangeable deal.The deal used a five year put three structure and is convertible into either Unicom shares in Hong Kong, or American depositary shares in New York. The ...
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