CB wave continues with Sinopec's $1.5 billion deal
The issue is the largest convertible since 2001 in Asia ex-Japan and brings total equity-linked issuance in the past six days to $3.1 billion.
China Petroleum and Chemical Corporation Sinopec has completed a long-awaited convertible bond issue that rounds off six very active trading days in the equity-linked market with no less than $3.1 billion dollars worth of new paper being sold.
At HK$11.7 billion $1.5 billion, Sinopec is by far the largest among the five issues that have come to market since last Tuesday and the biggest CB by a Chinese issuer ever. According to Dealogic, it also ranks as the...
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