ENN Energy issues $500 million CB

The natural gas supplier follows the lead from Shanghai Industrial with another aggressively priced deal.

ENN Energy issues $500 million CB

ENN Energy Holdings, a supplier of natural gas and other clean energy products in China, has become the fourth Asian company in two weeks to tap the equity-linked market.

The company last night sold $500 million of convertible bonds in a deal that was pretty similar to the slightly larger $503 million CB printed by Shanghai Industrial on January 16.

The two Hong Kong-listed companies have a similar market capitalisation and were...

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