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Tag: convertible

Equities
SM Investments raises $250 million from unhedgeable CB
The Philippine investment holding company attracts good demand from outright investors, but doesn't immediately exercise the $50 million upsize option.
By Anette Jönsson | 6 February 2012
Equities
Pegatron raises $300 million from upsized CB
The zero coupon deal is priced with a 12% premium, but comes on the back of a share price rally that has pushed the stock to an 11-month high.
By Anette Jönsson | 31 January 2012
Equities
Gap between issuers and investors makes new CBs a challenge
Investors have cash to invest but prefer convertibles and exchangeables from high-quality names like Temasek. Other issuers need to offer investor-friendly terms and asset ...
By Anette Jönsson | 26 January 2012
Equities
Wistron raises $180 million from long-awaited CB
The Taiwan laptop and LCD TV maker beats rival Pegatron to the market after downsizing the deal to ensure there are enough asset swaps to cover the entire base deal.
By Anette Jönsson | 13 January 2012
Equities
Ping An hires Goldman and two others for domestic CB
The Chinese insurer is seeking to raise up to $4.1 billion from the sale of bonds convertible into A-shares.
By Anette Jönsson | 10 January 2012
Equities
Welspun chooses not to proceed with CB tender
The Indian company receives bids for about 50% of the $150 million convertible bond issue, but rejects them all as a falling rupee adds to the buy-back cost.
By Anette Jönsson | 19 December 2011
Equities
Welspun launches tender offer for $150 million CB
The Indian maker of steel pipes is offering to buy back a portion of an outstanding CB that matures in 2014 and is currently trading below par.
By Anette Jönsson | 9 December 2011
Equities
Temasek issues second exchangeable bond in two months
Singapore investment company sells S$500 million of two-year bonds exchangeable into Hong Kong-listed Li & Fung and once again investors jump at the chance to buy a triple-A ...
By Anette Jönsson | 8 December 2011
Equities
Drug maker United Laboratories sells $125 million of CBs
United Labs' renminbi-denominated convertible bond comes at attractive terms, but still falls below par.
By Anette Jönsson | 8 November 2011
Equities
Temasek issues exhangeable into Standard Chartered
The well-received three-year bonds raise an initial S$650 million, but the exercising of a greenshoe may increase this to S$800 million.
By Anette Jönsson | 19 October 2011
Equities
Chinese juice company issues dim sum convertible
Unlisted Garden Fresh breaks new ground with a Rmb100 million CB denominated in offshore renminbi. The CB is expected to be followed by a Hong Kong IPO in the next three years.
By Anette Jönsson | 3 October 2011
Equities
Chinese lottery company sells $105 million CB
Rexlot shrugs off the volatile market to bring the first Asian convertible bond in almost two months.
By Anette Jönsson | 26 September 2011
People Moves
Derrick Wong to join CB team at Standard Chartered
Previously with Credit Suisse, Derrick Wong moves to Standard Chartered after the UK bank lost three CB bankers last month.
By Anette Jönsson | 26 July 2011
Equities
Taiwan Glass raises $300 million from three-year CB
Hedge funds flock to Taiwan Glass's zero-yield CB as domestic banks provide enough asset swaps to cover the entire deal, but the conversion premium is fixed at the investor-frie...
By Anette Jönsson | 22 July 2011
Equities
Solar Applied Materials brings $115 million CB
The Taiwanese hi-tech metals manufacturer is the fourth company in two weeks to tap the Asia ex-Japan CB market, which remains buoyant after a 29% increase in equity-linked ...
By Anette Jönsson | 11 July 2011
Equities
Hanjin Shipping issues $150 million CB
The Korean container and bulk shipping company takes advantage of a rebound in its share price to raise capital, but triggers a 7.3% sell-off in its stock.
By Anette Jönsson | 8 July 2011
Equities
Exchangeable into Guangdong Investment defies tough market
Issued by an investment company owned by the Guangdong provincial government, the deal attracts good demand from investors despite the fact that the bonds cannot be exchanged ...
By Anette Jönsson | 24 June 2011
People Moves
Standard Chartered's CB head leaves to join Deutsche Bank
Deutsche Bank hires Nathan McMurtray and two Standard Chartered colleagues to rebuild its equity-linked franchise, sources say.
By Anette Jönsson | 20 June 2011
Equities
Lotte Shopping raises $900 million from dual-currency CB
The deal consisted of $500 million of dollar-denominated bonds and about $400 million of yen-denominated bonds, making it the largest CB in Asia ex-Japan this year.
By Anette Jönsson | 17 June 2011
Equities
Asia Cement returns with $172.5 million CB
The deal, which is upsized by 38%, comes as the Taiwanese cement producer's share price hits a three-year high.
By Anette Jönsson | 3 June 2011
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