Top Section/Ad
Top Section/Ad
Most recent
International tension has propelled valuations in the sector up, tempting issuers
String of smaller IPOs, convertibles come to market
Third equity-linked deal appears as ECM ramps up
More articles/Ad
More articles/Ad
More articles
-
French property developer Nexity completed a €156m 2020 convertible bond on Thursday, a transaction that yet be increased to €180m if the over-allotment option is taken up in full. -
UAE dock operator DP World sold a $1bn convertible bond on Thursday, the biggest equity-linked deal in the Middle East and North Africa since 2011.
-
Solar panel manufacturer Trina Solar successfully raised a combined $247m by pricing a concurrent placement and convertible bond offering on June 6, despite a turbulent market backdrop as Chinese solar companies were slapped with new import taxes by the US.
-
Investors poured into Beijing Enterprises Group Company’s (BE Group) HK$4.31bn ($556m) exchangeable bond on June 10 as the opportunity to invest in a major blue chip was too good to ignore even though the terms were aggressive.
-
An £85m 2019 convertible bond offering from UK property investment and development firm Helical Bar was a number of times covered when book building was brought to a close on Tuesday, according to bankers close to the deal.
-
A resurgent Asian equity-linked primary market took a slap in the face last week after Khazanah Nasional pulled an exchangeable sukuk worth as much as $750m after it failed to achieve the pricing it wanted despite plenty of demand. While Khazanah is unlikely to be damaged by the incident, it needs to recognise that its actions have consequences for the rest of the market.
