SYDNEY, Australia — China's top companies have raised a record $14 billion in offshore convertible bonds so far this year as they diversify future funding needs while interest rates stay high.
SYDNEY, Australia — China 's top companies have raised a record $14 billion in offshore convertible bonds so far this year as they diversify future funding needs while interest rates stay high.Offshore convertible bonds from mainland China accounted for 22 percent of global deals, LSEG data showed, after Alibaba Group raised $5 billion in May and Ping An Insurance finalized a $3.5-billion transaction last week.
And frankly, there was a lack of conviction from international investors around investing in Hong Kong and China. I think what's changed over the last three months is that some of the confidence has returned.'Dinakar said international investors have shown renewed interest in recent Chinese deals since they exited the market as China recovered from the pandemic.'Investors want to talk about China, and they want to understand what's going on in China.
Firms Issue $14-B Convertible Bonds
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