The Deutsche Bank-led transaction was the second CB issued by a Hong Kong-listed company last week and the largest since property developer Neo-China sold HK$1.34 billion of CBs on May 12 just as the equity market correction got under way. On Wednesday last week Shui On Construction and Materials raised HK$930 million from a three-year CB arranged by JPMorgan.
The sizes of last weekÆs issues show some degree of confidence is returning to the CB market, although SinochemÆs bonds were priced at the...
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