Pegatron raises $300 million from upsized CB

The zero coupon deal is priced with a 12% premium, but comes on the back of a share price rally that has pushed the stock to an 11-month high.

Pegatron raises $300 million from upsized CB
Pegatron is one of the makers of Apple's iPad

A little more than two weeks after Wistron Corp beat it to become the first Asian company to issue a convertible bond this year, Taiwan’s Pegatron Corp finally hit the market yesterday. And it appears the wait was worth it.

The company’s share price gained 5.6% yesterday to an 11-month high as the Taiwan market was playing catch-up with other markets after being closed for more than a week and Pegatron itself benefitted from Apple’s...

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