The sale price was 7% below the price of the last trading day which reflected “market conditions”, and as a result CATL’s shares declined 6.88% on April 28.
The airline described the bond as a "good opportunity" to diversify funding sources and has committed HK$100bn in investments into its fleet, cabins, lounges and digital innovation.
British Climate Partners will work with investors to deploy capital through equity platforms and mezzanine finance to scale clean energy projects in developing Asia; the annual investment required to diversify away from coal is huge.
As part of the agreement, KKR will acquire $820m of newly issued Samsung SDS convertible bonds; Samsung SDS will spend the money on M&A and improving its AI capabilities.
BPEA IX will focus on control investments in leading companies across technology, healthcare, industrial technology, services, and technology services; several deals have already closed in Japan and South Korea.
The Galaxy Orientis fund has raised $520m out of a $1bn target from China Investment Corporation, Indonesia Investment Authority and State Oil Fund of the Republic of Azerbaijan. The PE fund is eyeing investments across the Asean-China corridor.
Several warnings, including from ratings agencies, have been issued, as the two giant Chinese property developers continue to struggle as losses mount.