ASAT prices high yield benchmark for tech sector

The semiconductor and packaging company adds diversity to the Asian high yield universe.

Sole lead manager Citigroup priced an increased $150 million bond issue for Hong Kong semiconductor and packaging company ASAT on Friday. The SEC registered transaction was increased from a base offer size of $125 million after books closed just above the $1 billion mark.

Pricing came at par on a coupon of 9.25% to yield 573bp over seven-year Treasuries. The BB3 rated issue has a seven-year final maturity and a sliding call structure starting in 2008 at...

To continue reading, please login or register for free

Click for more on: asat | prices | high | yield | benchmark | tech | sector

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...