Chinese companies rush to tap convertible bond market

  • 📰 FT
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Alibaba and Ping An among corporates attracted to cheaper form of financing

Chinese companies are issuing convertible bonds at a record rate this year, as they hunt for cheap forms of financing and a way to boost their offshore cash balances. Ecommerce company Alibaba, which in May raised one of the largest convertible bonds on record at $5bn, and insurer Ping An, which raised $3.5bn in July, are among companies driving the rush to issue a form of debt that surged in popularity in western markets during the coronavirus pandemic.

Corporates, meanwhile, are increasingly embracing buybacks as a way of helping their share price performance and becoming more investor-friendly. Stock buybacks on mainland exchanges are still on track for a record high in 2024. Another key driver of issuance by mainland Chinese companies is to hold cash offshore, at a time when mainland regulators are making it tougher to move money outside the country.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 113. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

How ReelShort CEO Joey Jia Used a Chinese Trend to Disrupt the U.S. Entertainment IndustryReelShort CEO Joey Jia used a Chinese trend to disrupt the U.S. entertainment industry.
Источник: TIME - 🏆 93. / 53 Прочитайте больше »