Hongqiao attempts to raise $150 million from fifth CB in a week

The Chinese aluminium producer launches an unhedgeable CB with an unpopular upsize option and greenshoe.
<div style="text-align: left;">
An aluminium smelter in China
</div>
<div style="text-align: left;"> An aluminium smelter in China </div>

After a slow start to the year, the convertible bond markets in Asia have perked up in the past week as issuers are trying to take advantage of a demand for new paper among investors. Since last Tuesday no fewer than four deals have hit the market, including a $130 million issue from Indian mid-cap Amtek India that priced late Monday.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

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