Chinese retailers tap the Hong Kong dollar CB market

Intime Department Store raises $250 million, while watch retailer and wholesaler Hengdeli walks away with $322 million after both deals are upsized.

While the large number of new initial public offerings in the market is clearly getting a lot of attention from investors and bankers, these deals are by no means detracting from business in other parts of the capital markets. In fact, the demand for the IPOs so far seems to have inspired a pickup in the issuance of convertible bonds as well.

On Monday two Chinese companies, both in the consumer retail sector, came to market with Hong Kong-dollar...

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