Shanghai Industrial issues HK$3.9 billion CB

The company's exposure to China real estate and the large deal size help to counter the fairly aggressive terms, particularly for outright investors.

<div style="text-align: left;"> The Jing-Hu Expressway, one of three toll roads owned by Shanghai Industrial </div>

Anette Jönsson

January 17, 2013

Hong Kong-listed Shanghai Industrial, a conglomerate backed by the Shanghai municipal government, last night raised HK$3.9 billion ($503 million) from a Hong Kong dollar-denominated convertible bond.

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