Sina sells $700 million of CBs while YY falters

US-listed YY is forced to pull its $250 million convertible bond after initially revising the terms and re-offering it below par. But Sina attracts strong demand.
Sina's latest CB proves as popular with investors as its Twitter-like micro-blogging site Weibo.com is with the Chinese public.
Sina's latest CB proves as popular with investors as its Twitter-like micro-blogging site Weibo.com is with the Chinese public.
November 18, 2013

Sina Corp, the Nasdaq-listed Chinese online media company, raised $700 million from the sale of convertible bonds on Friday, making it the fourth internet-focused Chinese company to tap the US equity-linked market since late August.

¬ Haymarket Media Limited. All rights reserved.

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