Giga-Byte issues Taiwan convertible with zero yield

The equity story is underpinned by a recent joint venture announcement.

Taiwan-based motherboard manufacturer Giga-Byte Technology has raised $100 million from an aggressively priced convertible bond with no yield.

Consequently, the CB was sold purely on its equity story, which is expected to improve after the company announced a joint venture with Asustek Computer in August. According to a source, the offer was well covered with around 40 investors in the book when it closed after only two hours. About 80% were specialty CB investors who were likely pleased about the...

To continue reading, please login or register for free

Click for more on: convertible | nomura | motherboards | technology

Print Edition

FinanceAsia Print Edition

CONFERENCES