Taishin CB attracts investors in droves

Taiwanese bank completes one of the most popular CB''s of the year.

Taishin FHC returned to the convertible bond market on Friday with a $200 million deal to offload its remaining Treasury shares ahead of the government's deadline. The Deutsche Bank-led deal closed massively oversubscribed in the process stirring up controversy among sector specialists.

Normally competition for Taiwanese mandates is so fierce that deals can be far too aggressive and sizeable chunks end up on the leads' books. But with Taishin, the reverse scenario appears to have been the case...

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