China Huiyuan Juice Group on Friday raised $150 million from a five-year convertible bond, which it will use partly to refinance an existing CB that has about $65 million left outstanding and that is set to mature in June. The remainder of the proceeds will go towards general working capital.
The deal came at the end of a busy week in the Asian CB market with a total of $1.325 billion of new issuance and three other offerings having priced before it. Two of those deals came at aggressive terms, but with very different outcomes. Agile Property Holdings attracted an enthusiastic response and was able both to upsize and to...
¬ Haymarket Media Limited. All rights reserved.
