China Power International Development (CPI) has raised Rmb982 million ($150 million) from the sale of renminbi-denominated but US dollar-settled convertible bonds that met with a lot of interest from both hedge funds and outright accounts, allowing the order books to be closed after just one hour. The bookrunners also exercised the $25 million upsize option in full, allowing them to increase the size from $125 million at launch.
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