Taiwan paper maker achieves high premium with CB

The $100 million bond issue can be exchanged for shares in Prime View International, which is attracting attention because of its move into e-paper.

After more than seven months without any publicly marketed equity-linked issuance from Taiwan, the market stirred to life last week with two deals รป both offering exposure to the tentative recovery in the liquid crystal display industry.

Grabbing most of the attention was the $125 million convertible for Chunghwa Picture Tubes on Thursday, but in the wake of that, Yuen Foong Yu Paper Manufacturing completed a $100 million exchangeable that achieved the rare combination of a relatively high for Taiwan...

To continue reading, please login or register for free

Click for more on: convertible | exchangeable | tftlcd | epaper | credit suisse

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...