China Overseas launches exchangeable into COLI

The up to $850 million deal will remain open until Friday and is paired with a tender offer for its existing exchangeable that matures in May.

China Overseas launches exchangeable into COLI

As is usually the case, it did not take many days into the new year before the first Asian equity-linked deal hit the market. However, the $650 million to $850 million bond that is exchangeable into shares of Hong Kong-listed property developer China Overseas Land Investment COLI will be adding little, if any, net new supply, meaning some investors will have to wait a bit longer to increase their exposure.

The reason is that the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES