DHC Software, a Shenzhen-listed provider of customised enterprise systems and application software for corporate clients, has raised Rmb1 billion $162 million from the sale of a six-year A-share convertible bond.
The deal attracted orders from more than 1,000 investors, according to a source, reflecting the strong demand for good quality A-share paper. This bodes well for other CB issuers in the pipeline, including Sinopec, which has already secured the necessary regulatory approvals and is waiting for the right market window.
Little known outside the domestic market, DHC Software has been one of the best performing mainland-listed stocks this year. Just before the CB terms were announced on...
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