Zhongsheng breaks new ground on Asian CB

Chinese car dealer takes advantage of a soaring share price and rising rate environment to price a one-year convertible bond, the shortest tenor ever seen in Asia.
Zhongsheng is one of the biggest dealers of Mercedes-Benz cars in China.
Zhongsheng is one of the biggest dealers of Mercedes-Benz cars in China.
October 12, 2017

Chinese auto dealer Zhongsheng Group broke new grounds in Asia’s equity-linked market on Wednesday by pricing a one-year convertible bond, the shortest tenor ever for an equity-linked product in the region.

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