First Taiwan convertible this year launched by Winbond

Scarcity value and signs of company turnaround help spur enough demand to increase offering size by 20%.

Memory chip maker, Winbond Electronics has become the first Taiwanese company to issue a convertible bond this year with a $120 million issue that attracted large investor interest simply because it was not from India or Hong Kong.

India has completely dominated CB issuance so far this year with about 75% of the market, with Hong Kong making up a large percentage of the rest. Consequently, there is a certain amount of scarcity or diversification value attached to an issuer...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 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 ...