The year's first convertibles hit the market in force

Taiwan LED chip maker Epistar raises $280 million, while Bangkok mass transit operator BTS Group sells $327 million of baht-denominated CBs and London-listed Essar Energy aims for at least $500 million from a deal targeted mainly at European investors.

Quite a few issuers and bankers were hoping to be the first to bring a convertible bond to market this year and yesterday saw at least two of them share that honour. In fact there were three Asian CBs in the market last night, but since one of them was targeted primarily at European investors and marketed against a live London price, it remained open in the early hours of the Hong Kong morning.

It was unclear why everyone felt...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...