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Equity-Linked

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  • US listed Chinese social media company YY is back in the market with convertible bond after pulling a deal towards the end of last year, as it failed to attract enough investor interest.
  • Spanish construction firm ACS has raised €405.6m through a five year bond exchangeable into Iberdrola shares less than six months since a similar €720m transaction exchangeable into the utility firm’s stock.
  • Qiagen, a Dutch biotechnology services firm, raised $730m through a dual tranche convertible bond on Wednesday morning, re-opening the equity-linked market after a lull during the results period.
  • Micro-motor manufacturer Johnson Electric Holdings surprised markets on March 12, pricing a highly ambitious seven put five $200m convertible bond — a structure not commonly seen in Asia ex-Japan transactions.
  • Qiagen, a dutch biotechnology services firm, raised $730m through a dual tranche convertible bond on Wednesday morning, re-opening the equity-linked market after a lull during the results period.
  • Online retailer Vipshop Holdings got a rousing reception for its debut in the equity-linked market on Wednesday, raising $550m from an enlarged five year non put three convertible bond as investors remain hooked on the China tech story.