Japan pair in monster CB deals ahead of rate verdicts

Mitsubishi Chemical and Kyushu Electric Power raise a total of $2.6 billion from massive convertible bond deals, the largest in Asia in more than four years.

Two Japanese companies issued mammoth convertible bond deals on Tuesday, returning to the market after long absences and raising a combined ¥300 billion ($2.6 billion) amid a week of substantial change and likely volatility in the global credit market.

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