Formosa scores a cracker?

Taiwanese petrochemicals group completes giant equity-linked deal.

Lead manager Goldman Sachs appears to have pulled off one of the trickiest deals to execute so far this year - a four headed convertible and exchangeable by Taiwan's Formosa group.

Convertible specialists say terms on the $800 million deal priced yesterday Monday were not expensive. But the size was a major problem. Should the $200 million greenshoe be exercised, the $1 billion deal will rank as the largest equity-linked deal from Taiwan on record.

...

To continue reading, please login or register for free

Click for more on: formosa | scores | cracker

Print Edition

FinanceAsia Print Edition

CONFERENCES