- Qihoo 360’s convertible bond was the
first from a US-listed Chinaco this year, as well as the
largest convertible ever from a US-listed
- The deal was sold under Rule 144A and Regulation
S, allowing exposure to both US and Asian
- While the deal was well received in the market,
it is unclear whether it will prompt further
Qihoo 360’s convertible
bond was not only the first this year but also the largest ever
such offering from a US-listed Chinaco. Here’s why
it could inspire copycat deals.
The $600 million offering from Chinese internet security
company Qihoo 360 Technology was structured unusually, as both
a Rule 144A and...