Kingsoft brings first Asian CB in six weeks

The deal attracts the attention of both hedge funds and outright investors and is upsized to $175 million.

Kingsoft brings first Asian CB in six weeks

Kingsoft Corp, a Hong Kong-listed software developer, last night became the first company to issue a convertible bond of size in Asia since late May.

The Hong Kong dollar-denominated deal was upsized in full and ended up raising HK$1.356 billion $175 million.

The deal was well received by both hedge funds and outright investors thanks to a decent coupon and a stock lending facility. And since most Chinese internet technology...

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