ChipMOS brings second Asian CB in one night

Deal size likely to rise to $100 million from $85 million amid solid demand.

ChipMOS Technologies last night helped to bring some much needed life back into the Asian convertible market as it raised a minimum of $85 million from the sale of five-year bonds.

The offer coincided with Hynix SemiconductorsÆ larger $471 million offering, sparking some hope that issuers are getting ready to again tap the market, which until yesterday had seen only two deals at $100 million or above since early August, including one ringgit-denominated offering.

Taiwan-based but Nasdaq-listed ChipMOS...

To continue reading, please login or register for free

Click for more on: convertible | semiconductor | lehman brothers

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 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 ...