Quanta Display prices CB

Books close ten times covered in a surprisingly strong debut.

Lehman Brothers priced Asia's second convertible of the year yesterday Wednesday, with a $150 million issue for TFT-LCD manufacturer Quanta Display.

Following a couple of weeks of soft marketing, the deal received final SFC approval on Tuesday, allowing launch to take place the next day under an accelerated one-and-a-quarter hour bookbuild. In the face of critics who believed that a large deal from a weak sector would struggle to attract demand, Quanta managed to amass total...

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