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.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media