Macronix completes CB

After a year-and-a-half wait for the right market conditions, Macronix finally prices an international equity offering.

Having held a mandate from the IC designer since September 2000, lead managers Deutsche Bank and Merrill Lynch moved quickly to launch and close a deal within the space of 10 hours yesterday Thursday. After a few weeks of intensive credit marketing, however, the deal had been well flagged and attracted strong demand, with books closing seven times oversubscribed.

Final terms are very similar to those achieved by Siliconware Precision Industries SPIL, which closed a $175 million...

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