Golden Eagle issues convertible six months after its IPO

The company becomes the second in two days to issue a CB at fixed terms and with a re-offer range.

Golden Eagle Retail Group has raised another HK$1 billion $129 million for acquisitions and working capital by selling five-year convertible bonds with a three-year put only six months after completing its $206 million Hong Kong IPO.

The sale was arranged by ABN AMRO Rothschild and came only a week after the IPO lock-up ended, suggesting the China-based department store operator may have some funding needs in the near future. ABN was also one of the two bookrunners for...

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