General image of Shanghai Pudong Development Bank. PHOTO: HANDOUT

China’s blockbuster convertible debt sale draws bids equal to size of Indonesia’s economy as investors seek safer bets

  • Investors place 7.8 trillion yuan of orders for Shanghai Pudong Bank’s convertible bond offering, more than 300 times oversubscribed
  • The Shanghai lender plans to raise up to 50 billion yuan in what would be China’s biggest-ever sale of bonds that can be converted into stocks
Topic |   China stock market

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General image of Shanghai Pudong Development Bank. PHOTO: HANDOUT
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