Hopson brings renminbi-denominated CB to foreign investors

The deal marks the sixth placement of Hopson stock in the past 12 months - all of which have been arranged by Credit Suisse.

Hopson Development was in the market again yesterday selling the equivalent of $225 million worth of renminbi-denominated but US-dollar-settled convertible bonds in another move to finance existing and new projects as well as potential acquisitions of new land.

This was the second fundraising by Mainland-based Hopson in two-and-a-half months after it did a placement of HK$996 million $128 million in new shares in early November. Credit Suisse acted as sole bookrunner for that placement as well as yesterdayÆs...

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