China Conch Venture, an environmental solutions provider and a major shareholder in the country’s largest cement producer, extended the streak of equity-linked issuance in Asia ex-Japan this year as it raised HK$3.925 billion $500 million from a five-year convertible bond sale on Wednesday.
The Hong Kong-listed company’s latest bond sale took total equity-linked issuance in Asia ex-Japan to $11 billion so far this year. With four months remaining towards the end of the year, there is little doubt the figure could surpass $11.2 billion of 2011, or even edge close to 2010’s $15.5 billion, the highest volume over the past decade.
China Conch Venture, which engages...
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