Strong start to the year for Asian equity-linked market

Haitian raises $200 million from debut CB, while CP Foods brings Thailand’s first ever exchangeable bond, a $290 million deal into CP All.

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...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 3 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

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