Equity-Linked

  • Pharmaron reopens RMB-linked CB market

    Pharmaron reopens RMB-linked CB market

    Pharmaron Beijing Co brought the first renminbi-linked but dollar settled convertible bond to the market in nearly five years this week, raising $600m from the dual tranche deal. Bankers called it a ‘smashing success’ and said the issue pipeline from the pharmaceutical sector is strengthening. Rashmi Kumar reports.

  • Asian CBs take off with flush investors, eager issuers

    Asian CBs take off with flush investors, eager issuers

    Asia’s equity-linked market has had a roaring year so far, with MicroPort Scientific Corp becoming the latest to add to the supply with its $700m debut convertible bond this week. The momentum is unlikely to fade anytime soon, as more issuers look for cheap money and get comfortable with the asset class, say bankers. Jonathan Breen reports.

  • MicroPort nabs $700m from debut CB

    MicroPort nabs $700m from debut CB

    Medical device maker MicroPort Scientific Corp has made its first visit to the equity-linked market, raising $700m from convertible bonds. A recent rally in the Hong Kong-listed issuer's share price meant it had to assuage price-sensitive investors, but still ended up seeing strong support for its deal.

  • GlobalWafers prints jumbo Taiwan CB

    GlobalWafers prints jumbo Taiwan CB

    Silicon wafer maker GlobalWafers raised $1bn this week from its debut in the equity-linked market, selling the largest convertible bond from a Taiwanese issuer in more than a decade.

  • Meituan bags $10bn with mega CB-equity placement combo

    Meituan bags $10bn with mega CB-equity placement combo

    Food delivery giant Meituan has raised close to $10bn from an overnight sale of shares and convertible bonds, getting solid interest from investors and raising money to ramp up its investment into the technology part of its business.

Equity-linked archive