Fosun upsizes bond after roaring demand

The Hong Kong-listed company became the first Asian borrower to tap the dollar bond market in the wake of a US interest rate hike. It got a warm welcome from investors

Fosun upsizes bond after roaring demand

Fosun International, founded by Chinese billionaire Guo Guangchang, returned to the dollar bond market in style this week.

The company raised $800 million after becoming the first Asian issuer to test the waters after the Federal Reserve's 25bp interest rate hike on Wednesday, a widely anticipated move. But Fosun was also riding on the back of its own good news.

Moody's, the ratings agency, changed its outlook on Fosun from stable to...

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