Conch Venture ignites investors with debut CB

Hong Kong-listed environmental company raises $500 million from its debut convertible debt issue and offered investors an alternative against the bulk of outstanding papers from the property sector.

China Conch Venture, an environmental solutions provider and a major shareholder in the country’s largest cement producer, extended the streak of equity-linked issuance in Asia ex-Japan this year as it raised HK$3.925 billion ($500 million) from a five-year convertible bond sale on Wednesday.

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