Wafer thin pricing for Henderson Land

Another year another large, aggressively priced convertible from Asia.

Henderson Land secured the most aggressive negative yield structure in the Asian convertible universe yesterday with the pricing of a HK$5.75 billion ($737 million) deal via Goldman Sachs. Like every large convertible put out to competitive bid, final terms were controversial and the deal needed to be re-priced before it could clear the market.

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