Huiyuan Juice pushes last week's CB issuance above $1.3 billion

The $150 million deal prices at best terms for investors, but still achieves a 30% conversion premium.
Huiyuan Juice had a 50% share of China's juice market last year
Huiyuan Juice had a 50% share of China's juice market last year
April 12, 2011

China Huiyuan Juice Group on Friday raised $150 million from a five-year convertible bond, which it will use partly to refinance an existing CB that has about $65 million left outstanding and that is set to mature in June. The remainder of the proceeds will go towards general working capital.

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