A convertible for Mr Kon

The resilience of the Asian convertible market is underscored by the successful completion of what could have been a very difficult deal.

The outperformance of Asian convertibles relative to their global peers so far this year helped drive the completion of a $90 million convertible for China's largest noodle manufacturer Tingyi Holdings yesterday Tuesday.

Key for lead manager Morgan Stanley was its ability to structure a transaction which was compelling enough for investors that are likely to have looked twice at a company with a more eventful track-record than most since listing on the Stock Exchange of Hong Kong in 1996....

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