While the investor response to the various issues has been somewhat mixed, the increased frequency of the deals suggest that issuers are becoming happy with share price levels again. Market participants are now watching for the next Indian CB following a five-month long drought in the wake of the global equity market correction in May, during which only one convertible above $100 million has hit the market.
Fu Ji Food was launched on a day when the Hang Seng Index recorded its biggest drop in...
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