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Pharmaron reopens RMB-linked CB market

By Rashmi Kumar
09 Jun 2021

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.

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By Rashmi Kumar
09 Jun 2021