Double win for COLI exchangeable bond

Both the issuer and investors appear to be happy as the Chinese property developer delivered a jumbo $1.5 billion exchangeable bond.
A residential project developed by COLI in Chengdu, Sichuan province
A residential project developed by COLI in Chengdu, Sichuan province

A well-designed structure is the formula for a successful trade and that was illustrated in the case of China Overseas Holdings, which printed a whopping $1.5 billion exchangeable bond into shares of Hong Kong-listed subsidiary China Overseas Land & Investment (COLI) on Thursday.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media