China Singyes lights up market with Rmb930m debut CB

By Rashmi Kumar
17 Jul 2014

China Singyes Solar Technologies Holdings raised Rmb930m ($151.13m) on July 16 through a debut convertible bond that drew good demand, driven by investor views on the sector and the attractive pricing on offer.

The five year put three CB opened books with a coupon range of 4.5%-5.5% and a conversion premium range of 30%-35%. The reference share price was the July 16 close of HK$12.16.

As with a Rmb1bn CB from China Yongha Automobiles Services in late June and a NT$3.6bn ($120m) ...

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