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Investors pile into Beijing Enterprises’ aggressive $556m exchangeable
Investors poured into Beijing Enterprises Group Company’s (BE Group) HK$4.31bn ($556m) exchangeable bond on June 10 as the opportunity to invest in a major blue chip was too good to ignore even though the terms were aggressive.
Joint lead managers Citi, Credit Suisse, Deutsche Bank, HSBC and UBS launched the zero coupon 2019 paper after markets closed on Tuesday at a yield range of zero to 0.5%.
While it is fairly common to see zero coupon transactions in the Asian equity-linked sector, such transactions are ...Already a subscriber? Login
