China Longyuan placates minority investors with hybrid bond

The deal clears some of the overhang from a looming share placement, helping the windpower company's stock price to rise in response.
<div style="text-align: left;">
China Longyuan celebrating its IPO in Hong Kong in 2009
</div>
<div style="text-align: left;"> China Longyuan celebrating its IPO in Hong Kong in 2009 </div>

China Longyuan Power closed a $400 million senior hybrid on Friday evening — the first hybrid from a mainland-incorporated company that is listed in Hong Kong.

¬ 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