EQUITIES: CMS gets SASAC approval for Hong Kong IPO

China Merchants Securities received approval from the State-owned Assets Supervision and Administration Commission of China’s State Council, or SASAC, for a H-share listing in Hong Kong.... more

APAC Financial Markets • #Approval, #ChinaMerchantSecurities, #Equities, #HShare, #HongKong, #IPO, #SASAC, #StateOwnedAssetsSupervisionAndAdministrationCommissionOfChinaSStateCouncil #Equities, #Issuance/Pipeline

Friendly all around as China Merchants nets $290m CB

China Merchants Land has scooped $290m through a convertible bond priced in its favour, as the presence of a standby letter of credit gave comfort to investors. But the extent to which the CBs traded up following the deal suggested that the issuer could have got away with more aggressive terms.... more

APAC Financial Markets • #BAML, #CCBInternational, #ChinaMerchantSecurities, #ChinaMerchantsLand, #ConvertibleBond, #DBS, #Equities, #EquityLinked #Equities, #Issuance/Pipeline

China Merchants scores $290m in hot CB

China Merchants Land has scooped $290m through a convertible bond priced well in its favour, as the presence of a standby letter of credit gave comfort to investors who viewed the notes as a safe bet. But the extent to which the CBs traded up following the deal seems to suggest that the issuer could have got away with more aggressive terms.

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APAC Financial Markets • #BAML, #CCBInternational, #ChinaMerchantSecurities, #ChinaMerchantsLand, #ConvertibleBond, #DBS, #Equities #Equities, #Issuance/Pipeline