Hong Kong-listed construction company Hsin Chong executed a $100 million convertible on Tuesday, breaking a six-month drought in equity-linked deals from Asia ex-Japan.
Bankers have described 2015 as one of the worst years on record for Asian convertible bond issuance and Hsin Chong will have done little to reverse that trend given its small size and club style syndication.
The last publicly marketed deal from the region came in mid May when Singapore property heavyweight CapitaLand sold a 10-put-seven S$650 million $493 million bond.
Neither Hsin Chong, nor its sole bookrunner, China Merchants Securities Hong Kong, are familiar names in...
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