CapitaMall raises $197 million from three-year CB

The Singapore dollar-denominated deal comes less than 12 hours after ReneSola reopened the Asian CB market following a near two-month dry-spell.

CapitaMall Trust has raised S$250 million $197 million from a Singapore dollar-denominated convertible bond, sending a clear message to investors and issuers that Asia’s CB market is back open for business.

The three-year deal launched just 12 hours after US-listed ReneSola became the first Asia-based company to issue a CB since mid-January, but, unlike that deal, which was sold primarily to US investors, CapitaMall’s CB qualifies as a real Asian...

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