CDFH launches convertible

The financial holding company attempts to set the Taiwanese convertible market back to rights with another large deal.

A $450 million two-and-a-half year issue was launched yesterday Wednesday under the sole lead of Goldman Sachs, with pricing scheduled for either today or tomorrow. Terms comprise a par in par out structure with a zero coupon, zero yield and 22% to 27% conversion premium. The deal also has a one-year put at par and a downward re-set at the end of year one with an 85% floor. There is also a $90 million greenshoe.

Underlying assumptions comprise a bond...

To continue reading, please login or register for free

Click for more on: cdfh | launches | convertible

Print Edition

FinanceAsia Print Edition

CONFERENCES