First Rmb convertible bond offering in offshore Rmb market

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    Hong Kong juice company Garden Fresh Fruit & Vegetable Beverage (Garden Fresh) has issued Rmb100 million (US$15.76 million) convertible bonds (CBs).…

    Hong Kong juice company Garden Fresh Fruit & Vegetable Beverage (Garden Fresh) has issued Rmb100 million (US$15.76 million) convertible bonds (CBs). The offering is a pre-IPO offering and is the first ever issue of CBs in the offshore Rmb market.

    Garden Fresh is a subsidiary of Sino Grandness Food Industry Group, which is listed in Singapore. It hopes to go public within three years.

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