China Petrochemical Corporation (Sinopec) RMB 23 billion 2011 Convertible Bonds Offering
Investors with total subscription funds of over RMB 2.8 trillion participated in this offering. Despite of tight liquidity in the market, the valid subscription funds for this deal was the biggest on record for public offering in the A share market. The convertible bonds climbed 8.2% at first trading day and investors participating in subscription earned decent profits. The price of these convertible bonds basically remained high following their debut and the investment value of these convertible bonds are well-recognized by the secondary market.
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