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China Southern Airlines set record with $2.4 Billion convertible bonds

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China Southern Airlines Co. on Thursday opened subscriptions for 16 billion yuan ($2.4 billion) of its convertible bonds, the largest deal for a non-financial firm since China Petroleum & Chemical Corp. sold 23 billion yuan of the notes in early 2011.

The sale, also the biggest in a year and a record for the civil aviation sector in China, comes after only eight deals were priced in September, the least since May.

Airlines . . .

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