stats chippac

Stats ChipPAC expected to announce a deal with Jiangsu Changjiang, valuing the Singapore group at an enterprise value of $1.8 billion.

The Republic of the Philippines prices its Ps54.7 billion 25-year peso global, while Stats ChipPac kicks off the high-yield market with a $200 million bond.

Asian debt markets are off to a brisk start in January with the Philippine sovereign and Stats ChipPac launching deals yesterday and several Chinese high-yield issuers lining up to tap investors.

It was a busy day in Asia with Country Garden, STATS ChipPAC and Union Bank of India printing a total of $1.4 billion in new bonds, keeping Asia on track to field the busiest quarter in the debt markets for 2010.

Singapore Technologies Semiconductors launches an offer to buy out minority shareholders in the semiconductor company, STATS ChipPAC, at a total outlay of up to $1.71 billion.