Haier gives equity-linked market a spin

Chinese white goods giant executes an aggressively priced but well received deal that trades up despite stock price volatility.

Haier gives equity-linked market a spin

Shanghai-listed Qingdao Haier breathed new life into Asian equity linked markets on Monday after completing a sizeable HK$8.8 billion $1.025 billion exchangeable into Hong Kong-listed Haier Electronics. 

The deal instantly lifted the year's regional issuance volumes by a third given only $3.1 billion was raised during the first nine months of the year and one third of that came from another jumbo exchangeable Shanghai International Ports into Postal Savings Bank of China PSBC...

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