GC Asia
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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 -
Pharming Group reopens EMEA’s CB market
Europe’s primary equity-linked market has reopened, with a new €125m convertible bond from Pharming Group, the Dutch speciality pharmaceuticals company.
14 Jan 2020 -
Anta Sports jumps over hurdles for €1bn CB
Anta Sports Products, a Chinese sportswear manufacturer and retailer, had to navigate a number of roadblocks to print a €1bn zero coupon convertible bond to refinance loans in the currency.
14 Jan 2020 -
Anta Sports launches €1bn zero coupon CB
Hong Kong-listed Anta Sports Products hit the market with a €1bn convertible bond on Monday after the close of business, according to a term sheet seen by GlobalCapital Asia.
13 Jan 2020 -
Luckin Coffee nabs $980m from bigger CB, follow-on combo
China’s challenger to Starbucks, Luckin Coffee, has raised $979.6m after increasing the size of a combined sale of new shares and a convertible bond, the first tap of the ADS equity-linked market in 2020.
13 Jan 2020 -
JP Morgan places $575m bond exchangeable into Alibaba stock
JP Morgan has issued a $575m synthetic bond exchangeable into the American depositary receipts of Alibaba, the Chinese e-commerce company.
09 Jan 2020 -
Anglo American rescues Sirius Minerals after high yield failure
Shares in Sirius Minerals, the UK firm that is battling to build a mine for polyhalite fertiliser beneath the North York Moors, rallied significantly on Wednesday after the company said it was in advanced takeover discussions with Anglo American.
09 Jan 2020
