Hannstar prices CB

A second deal from the Taiwanese TFT-LCD sector performs better than expected.

Joint leads Credit Suisse First Boston and ING accelerated pricing of a $125 million convertible for Hannstar Display last night Tuesday and increased the deal by 20% on the back of strong demand. At $150 million, books closed two-and-a-half times covered with participation from 96 investors. There is also a $20 million greenshoe.

Pricing came towards the lower end of the range with a 10% conversion premium to a spot close of NT$11.72 , compared to a...

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