Equity-Linked

  • KKR says no to NMC Health takeover bid

    KKR says no to NMC Health takeover bid

    US buyout group KKR has said it will not make a bid for the beleaguered UAE healthcare company NMC Health, dampening investor hopes of a rescue buyout and sending its shares and convertible bonds lower.

  • Chinese pharma names flock to ECM market

    Chinese pharma names flock to ECM market

    There was a burst of activity from Chinese pharmaceutical and biotechnology companies in the equity capital markets this week, as the sector took centre stage following the spread of a flu-like virus that has already claimed lives on the mainland. Jonathan Breen reports.

  • Sino Biopharm nets €750m from debut CB

    Sino Biopharm nets €750m from debut CB

    Sino Biopharmaceutical issued a zero coupon convertible bond on Wednesday, boosting the size to €750m as demand poured in from across Asia, Europe and the US, according to multiple sources close to the deal.

  • European equity-linked pricing worries investors

    European equity-linked pricing worries investors

    Delivery Hero’s €1.75bn convertible bond, the largest in EMEA for five years, has provoked concern from some investors that the market may be mispricing risk, despite the popularity of the deal.

  • Delivery Hero prices €2.3bn M&A financing trade

    Delivery Hero prices €2.3bn M&A financing trade

    Delivery Hero, the German online food ordering marketplace, raised €2.3bn this week via a simultaneous placement of new shares and convertible bonds to finance its takeover of South Korea’s Woowa Brothers.

  • Anta Sports defies short seller shadow with €1bn CB

    Anta Sports defies short seller shadow with €1bn CB

    Anta Sports Products made a stellar euro equity-linked debut this week, sealing a €1bn zero-coupon convertible bond at a negative yield. The deal had its share of challenges, but showed what is possible in a market that has seen a change in sentiment recently. Jonathan Breen reports.

  • Innolux lands $300m from convertible bond

    Innolux lands $300m from convertible bond

    Taiwanese LCD panel maker Innolux Corp raised $300m from a zero coupon convertible bond this week, riding a new wave of demand for the asset class in 2020.

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