Strong demand for DHC Software’s A-share CB

The Rmb1 billion offering attracts more than 1,000 investors, but at least 80% of the bonds will go to existing shareholders.

Strong demand for DHC Software’s A-share CB

DHC Software, a Shenzhen-listed provider of customised enterprise systems and application software for corporate clients, has raised Rmb1 billion $162 million from the sale of a six-year A-share convertible bond.

The deal attracted orders from more than 1,000 investors, according to a source, reflecting the strong demand for good quality A-share paper. This bodes well for other CB issuers in the pipeline, including Sinopec, which has already secured the necessary regulatory approvals and is waiting...

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