Fubon prices CB

Taiwanese financial holding company closes second deal backed by Treasury shares as CB market settles.

Joint-leads Citigroup and UBS priced a $225 million convertible for Fubon Financial Holdings last night Thursday. The deal appeared to find a timely market slot, but has been a long time in the making, having initially been pre-marketed back in early August just as Treasury yields started to spike.

It comes now on the back of a nearly 10% rise in Fubon's share price over the past two days and a settling of the CB market following...

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