Lite-On re-opens Asian CB market

Citigroup takes mandate off Morgan Stanley and UBS to bring the first equity-linked deal of the autumn months.

A $225 million convertible by Taiwan's largest LCD monitor manufacturer has given other issuers in the pipeline mixed signals about the state of the Asian equity-linked market. Traditionally issuers at the head of the pipeline have been able to benefit from the most aggressive terms because the market is still fresh. In this instance, however, Lite-On Technology only just managed to get a deal done yesterday Wednesday, suggesting that investor appetite for Asia is lukewarm at best.

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  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...