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China Jinmao Holdings Group is offering to buy back its $600m perpetual convertible bond, one of only four such deals to have been issued since 2010 in the region.
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Siem Industries, a Cayman Islands-based holding company with diverse interests, issued on Thursday its third exchangeable bond into shares of Subsea 7, the underwater construction company listed in Oslo.
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Jefferies has hired Vikas Khattar from HSBC as its head of capital markets for India and southeast Asia.
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The chief executive of Morgan Stanley Huaxin Securities Co, the US bank’s joint venture in China, has left the firm.
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BP showed on Thursday that there is still life in the equity-neutral convertible bond structure, bringing a £400m deal that was oversubscribed and priced within its marketed range.
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Bekaert, the Belgian maker of steel wire products, launched a €380m convertible bond on Thursday, happening to choose the same day as BP to launch its deal, after a long quiet period in the market.