Minsheng Bank attracts huge interest for A-share CB

Existing shareholders take up 71% of the $3.2 billion deal and the combined demand exceeds $200 billion.

Minsheng Bank attracts huge interest for A-share CB

China Minsheng Banking Corp received massive demand for its Rmb20 billion $3.2 billion A-share convertible bond that was in the market last Friday more than two years after it was first flagged.

Existing A-share holders, who had a pre-emptive right to subscribe to about 99.5% of the issue in proportion to their stake in the bank, took up about 71% and the remaining portion was more than 200 times covered potentially even more than 250...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS