Double win for COLI exchangeable bond

Both the issuer and investors appear to be happy as the Chinese property developer delivered a jumbo $1.5 billion exchangeable bond.

A residential project developed by COLI in Chengdu, Sichuan province

Danny Leung

December 11, 2015

A well-designed structure is the formula for a successful trade and that was illustrated in the case of China Overseas Holdings, which printed a whopping $1.5 billion exchangeable bond into shares of Hong Kong-listed subsidiary China Overseas Land & Investment (COLI) on Thursday.

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