Yageo Corp prices CB

The first convertible from Taiwan in nearly a month.

Passive components manufacturer Yageo Corp priced a $150 million convertible via UBS on Friday.

The five-year had a negative yield structure and was priced at par with a redemption price of 97.53%. There is also a put in year two at 99% to give a yield to put of minus 0.5%, the aggressive end of an indicative range between zero to minus 0.5%.

The premium was set at 15% to the stock's NT$14.9 close and...

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