Tag: convertible

The Korean bulk carrier raises $200 million to part fund a recent purchase of new ships.
By Anette Jönsson | 13 November 2009
The share price falls 10.5% during the marketing as investors position themselves to hedge the $500 million convertible, but recovers the majority of the loss the following day.
By Anette Jönsson | 19 October 2009
The fixed-price transaction by Indian car and truck manufacturer Tata Motors comes a day after Larsen & Toubro completed a similar combined deal comprising a QIP and a CB.
By Anette Jönsson | 12 October 2009
The Indian infrastructure play raises $600 million, of which two-thirds comes from the sale of new shares at a 1.1% discount. Separately, Welspun increases its recent CB to ...
By Anette Jönsson | 9 October 2009
The $100 million upsize option increases Olam's initial seven-year convertible bond to $500 million.
By Anette Jönsson | 5 October 2009
Welspun Gujarat raises $130 million, while Sesa Goa sells $500 million worth of CBs, putting India back on the radar screen after 18 months with no CB issuance.
By Anette Jönsson | 28 September 2009
The $258 million HK dollar-denominated transaction comes at a time of strong focus on Macau's casino industry and attracts more than 100 investors.
By Anette Jönsson | 28 September 2009
The Chinese home electronics chain exercises most of the overallotment option after the convertibles gain significantly in the secondary market.
By Anette Jönsson | 24 September 2009
The CB attracts good demand as Shun Tak's exposure to Hong Kong and Macau property gives it a bit of scarcity value.
By Anette Jönsson | 21 September 2009
The soft commodities supply chain manager is forced to increase the coupon, lower the conversion premium and re-offer the deal at 98% after the bookrunners get the pricing wrong.
By Anette Jönsson | 2 September 2009
The convertible is well-received by both outright investors and hedge funds despite coming on the back of a near 300% gain in First Resources' share price since the March lows.
By Anette Jönsson | 21 August 2009
The Singapore property developer takes advantage of a perceived market window to issue yet another CB at low cost.
By Anette Jönsson | 31 July 2009
The paper manufacturer uses its cash resources to launch a second tender for its outstanding bonds, while cash-strapped Powerchip is forced to pay its CB investors partly in ...
By Anette Jönsson | 10 July 2009
The small-cap Chinese developer sells equity and CBs to pay for its ongoing high-yield bond tender.
By Anette Jönsson | 2 July 2009
The Korean trading company makes its first foray into the capital markets since its post-Asian crisis restructuring with a well-received convertible.
By Anette Jönsson | 26 June 2009
The Chinese property developer raises a total of $360 million for future land acquisitions. The S$275 million CB is completed without a stock borrow facility and carries a 26% ...
By Anette Jönsson | 18 June 2009
The London-listed mining and metals firm with a footprint mostly in India launches a $1.25 billion convertible bond issue, just one day after it announces an M&A deal.
By Sameera Anand | 15 June 2009
The Hong Kong dollar-denominated CB is priced with a 3.75% coupon and raises $360 million towards further acquisitions.
By Anette Jönsson | 27 May 2009
The private equity investor buys $80 million of CBs with warrants in Daphne International that could give it a stake of up to 14.5% in the Hong Kong-listed company.
By Anette Jönsson | 26 May 2009
The Hong Kong-based manufacturer of Hoovers and power tools raises $125 million from a privately placed CB with warrants, triggering an 18% drop in the share price amid fears ...
By Anette Jönsson | 27 April 2009
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FinanceAsia
December 2011/January 2012