China Overseas launches exchangeable into COLI

The up to $850 million deal will remain open until Friday and is paired with a tender offer for its existing exchangeable that matures in May.

As is usually the case, it did not take many days into the new year before the first Asian equity-linked deal hit the market. However, the $650 million to $850 million bond that is exchangeable into shares of Hong Kong-listed property developer China Overseas Land & Investment (COLI) will be adding little, if any, net new supply, meaning some investors will have to wait a bit longer to increase their exposure.

¬ Haymarket Media Limited. All rights reserved.

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