Thursday turned out to be a busy night in the Asian equity-linked markets with Hong Kong-listed Haitian International Holdings raising $200 million from its first-ever convertible bond and Thailand’s Charoen Pokphand Foods CP Foods selling $290.4 million of bonds exchangeable into shares in convenience store operator CP All.
Haitian designs and manufactures plastic injection moulding machines that are used in a variety of industries ranging from automotive and construction materials to healthcare and consumer products to make plastic products and parts. There was also a Y20 billion $191 million CB in Japan arranged by Daiwa on behalf of materials and electronics manufacturer Taiyo Yuden.
Add to that...