Real-estate fund manager Agincourt Capital has unveiled a new renminbi-denominated convertible offshore bond fund, Asian Investor reports. The vehicle will seek to get renminbi from Chinese professional investors to invest in Australian real estate. The firm seeks to raise $536 million through a issue of convertible bonds via the fund. MDS Financial has been appointed as the syndicate and manager of the deal, while Deutsche Bank is the bond trustee, escrow agent and settlement agent.

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