Hengan International raises $700 million from zero-coupon CB

The personal hygiene products company prices an enlarged deal with a 35% premium. It is the biggest CB and the highest premium in the region in two years.
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Hengan sells a range of personal hygiene products in China
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<div style="text-align: left;"> Hengan sells a range of personal hygiene products in China </div>

Hengan International Group, a consumer products company, has raised HK$5.43 billion ($700 million) from the sale of a five-year zero-coupon convertible bond, which it plans to use for capital expenditure, refinancing of bank borrowings and general corporate purposes.

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