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GC Asia
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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.
11 Feb 2020 -
NMC Health shares and CBs rally on takeover interest
Shares in NMC Health, the beleaguered UAE healthcare company, surged as much as 18% on Monday morning after it said it had received takeover approaches from buyout firms KKR and GK Investment.
10 Feb 2020 -
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.
23 Jan 2020 -
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.
23 Jan 2020 -
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.
22 Jan 2020 -
Anglo American's rescue bid for Sirius a boon for CB investors
Anglo American's offer to rescue Sirius Minerals could provide an unexpected windfall for the convertible bond investors.
20 Jan 2020 -
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.
16 Jan 2020 -
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.
16 Jan 2020 -
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.
16 Jan 2020 -
Corrected: Taiwan’s Innolux launches $300m zero coupon CB
Taipei-listed Innolux Corp hit the market on Wednesday with a $300m convertible bond, its debut equity-linked deal.
15 Jan 2020
