Huiyuan Juice pushes last week's CB issuance above $1.3 billion

The $150 million deal prices at best terms for investors, but still achieves a 30% conversion premium.

Huiyuan Juice pushes last week's CB issuance above $1.3 billion

China Huiyuan Juice Group on Friday raised $150 million from a five-year convertible bond, which it will use partly to refinance an existing CB that has about $65 million left outstanding and that is set to mature in June. The remainder of the proceeds will go towards general working capital.

The deal came at the end of a busy week in the Asian CB market with a total of $1.325 billion of new issuance and...

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