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Meituan delivers $10bn share sale, CB combo to hungry Asian equity investors
Meituan, a Chinese food delivery company, raised $10bn this week from a combined equity placement and convertible bond issue. Investors flocked to the deal for the investment grade rating and the offer of a highly liquid and volatile stock. Jonathan Breen reports.
22 Apr 2021 -
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.
20 Apr 2021 -
Vingroup scores with novel exchangeable
Vingroup Joint Stock Company raised $500m from an exchangeable bond this week, selling the largest equity-linked transaction from Vietnam — and developing the market by using novel structural features never seen before in the country. Rashmi Kumar reports.
14 Apr 2021 -
Electric vehicle maker Li Auto charges $750m CB
Chinese electric vehicle manufacturer Li Auto has raised $750m from its debut convertible bond, pricing the deal at the investor-friendly end of the marketed range.
08 Apr 2021 -
EV maker Li Auto kicks off $750m CB
Chinese electric vehicle maker Li Auto has launched its debut convertible bond, aiming to raise $750m amid a rebound in US stock markets.
07 Apr 2021 -
Vingroup seeks shareholder nod for record $500m CB
Vietnamese conglomerate Vingroup is waiting for the greenlight from its shareholders to sell its first international convertible bond.
24 Mar 2021 -
Indiabulls sells CB after regulations scupper vanilla deal
Indiabulls Housing Finance has sold India’s first international convertible bond in more than a year, spurring interest from other companies struggling to raise funds in the country’s domestic market. But potential issuers will have to deal with a lot of regulatory hurdles, writes Jonathan Breen.
25 Feb 2021 -
Indiabulls Housing debuts $150m convertible bond
Indiabulls Housing Finance has brought a rare Indian convertible bond to the market, raising $150m after increasing the size of its debut offering.
24 Feb 2021 -
Hope Education nets $595m from equity fundraising combo
Hong Kong-listed Hope Education Group has tapped equity investors for $595.5m from a combined top-up share placement and debut convertible bond.
23 Feb 2021 -
SGX nabs negative yield on €240m maiden CB
The Singapore Exchange has sold a €240m zero coupon convertible bond, its debut equity-linked issue and the first CB from a stock exchange globally in eight years.
02 Feb 2021
