QDI prices CB

Quanta Display follows Nan Ya Technology to the convertible market.

Taiwan's smallest TFT-LCD manufacturer priced a sizeable $270 million convertible yesterday Thursday via its house bank Lehman Brothers. Market conditions were not quite so favourable as they had been for Nan Ya Techology a day earlier, however, with the US market down overnight and the former deal also quoted down a point during secondary market trading.

Terms for QDI's deal comprised a five-year final maturity, issue price of par, zero coupon and redemption at 99.75%. There...

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