Guangdong Investment CB

Exchangeable into Guangdong Investment defies tough market

Issued by an investment company owned by the Guangdong provincial government, the deal attracts good demand from investors despite the fact that the bonds cannot be exchanged for the first two years.
June 24, 2011

Ignoring the challenging market environment, investment holding company GDH Limited last night raised $250 million from the sale of bonds that are exchangeable into its Hong Kong-listed subsidiary, Guangdong Investment.

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