convertible bonds

The Chinese telecom group's zero coupon, five-year, convertible bonds are listed on the HKEX and are convertible into fully paid H shares; the issuance follows recent ones from the likes of Henderson Land.

Two convertible notes - one by Chinese internet service company Qihoo 360 Technology and one by Taiwan-based Advanced Semiconductor Engineering - are set to re-open the market for Asian companies.

The budget carrier, partly owned by Singapore Airlines, plans to raise the money through a rights issue and a preferential offering of perpetual convertible bonds.

Convertible bonds offer a good hedge against uncertainty at current valuations, according to Lombard Odier.

Francesco Barrai, senior vice-president and convertible bond investor at hedge fund manager DE Shaw, talks about the firm’s approach to CB investing and his views on the Asian market.

The deal comes with two tranches and is priced with a zero coupon, making it the first large zero-coupon CB in the world in two years.

Goldman Sachs will pay up to $334 million for convertible bonds with warrants that could give it a 15.1% stake in the auto company.

Jubilant Organosys repurchases $48.3 million worth of convertible bonds and becomes the first Indian company to buy back CBs through a tender offer.