Haitong makes triumphant return to CBs

Haitong Securities' offshore arm sold its biggest ever convertible bond, helping the firm fund an aggressive expansion plan.

Hong Kong-listed Haitong International issued a HK$3.88 billion ($500 million) zero-coupon convertible bond on Tuesday, getting strong demand from investors for a deal that is bigger than its last two issues combined.

¬ Haymarket Media Limited. All rights reserved.

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