Mengniu unlocks share value through EB

By issuing an exchangeable bond into China Modern Dairy, the dairy maker can potentially offload unwanted shares accumulated through a mandatory offer earlier this year.

Danny Leung

May 19, 2017

China Mengniu Dairy provided some relief for equity-linked investors on Thursday by selling $194.8 million worth of bonds exchangeable into shares of Hong Kong-listed China Modern Dairy, bringing just the fourth equity-linked deal in Asia ex-Japan this year.

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.