Haitong woos investors to zero coupon HK$4bn CB

Haitong Securities nameplate 230px
By Jonathan Breen
12 Oct 2016

Haitong International Securities Group has printed its first convertible bond in two years. It is the first zero coupon CB from an international arm of a Chinese securities house, said bankers close to the deal.

The issuer opened books for the five year non-call three after markets closed on Tuesday with a conversion premium range of 30%-40% to the stock’s last closing price of HK$5.2 a share. The firm was confident its deal would succeed as the leads had wall-crossed investors in the ...

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