Wockhardt re-opens Indian CB sector

Pharma company brings first convertible since elections.

Mid-cap pharmaceuticals company Wockhardt demonstrated the new pricing reality for Indian issuers on Friday September 17 with a $100 million deal via JPMorgan.

The transaction represents the first issue from the subcontinent since national elections in May. In the interim period, the CB market has been completely closed following the disastrous secondary market performance of the eight deals, which had been launched one on top of the other in the three months prior to the...

To continue reading, please login or register for free

Click for more on: wockhardt | reopens | indian | cb | sector

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 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 ...