Fortescue deal sparks Aussie equity-linked return

Hunan Valin brought an end to a three-and-a-half year drought in Australian equity-linked issuance with a $355 million bond exchangeable into the iron ore producer.

Danny Leung

November 02, 2016

Chinese state-owned enterprise Hunan Valin Iron & Steel sold $354.8 million of bonds exchangeable into shares of Australian iron ore producer Fortescue Metals Group on Tuesday, ending a three-and-a-half-year drought for equity-linked issuance in Australia.

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