Even so, the companyÆs inaugural CB attracted more than $1 billion worth of demand, which allowed the issuer to fix the conversion premium at the top of the range at 27% and increase the base deal size from $300 million. At the new size of $350 million, this is the largest CB by an Asian shipping company ever, according to a source, and the second largest by a Hong Kong-based company this year after New World DevelopmentÆs...
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