China’s SF Holding Seeks Up to $1 Billion From Convertible Bonds

SF Holding Co., China’s biggest express-delivery firm, is considering raising as much as about $1 billion via a convertible bond offering in Hong Kong that may come alongside a follow-on share placement, according to people familiar with the matter.

The company, listed in both Hong Kong and Shenzhen, has been in talks with advisers for the possible transactions, the people said, asking not to be identified because the information is private. The convertible notes are likely to carry a tenor of around one year, the people said.