Chi Mei prices CB

A third convertible from the Chi Mei group this year gets turned around in four days.

Joint bookrunners Credit Suisse First Boston and JPMorgan completed a $200 million convertible for TFT-LCD manufacturer Chi Mei Optoelectronics yesterday Thursday. The deal was executed within the space of 90 minutes, closing two-and-a-half times oversubscribed on demand of $500 million.

Given that general market conditions have softened over the past few days, terms were considered aggressive and reflected fierce re-bidding for the mandate, which took place over the weekend. The transaction was originally held by...

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