TPK's $400 million CB sees overwhelming demand

The main supplier of touch technology to Apple, Taiwan-based TPK attracts $4 billion of demand, which allows it to price the three-year deal with a zero yield and a 32% conversion premium.

TPK's $400 million CB sees overwhelming demand

TPK Holding, the newly listed Taiwanese company that is the main supplier of touch screens to Apple’s iPhones and iPads, last night sold $400 million worth of three-year convertible bonds to raise funds for expansion. The deal was widely anticipated since Taiwanese companies have to make a public filing before issuing new securities, and investors piled in to get a share of the company’s success story.

According to sources, the offering attracted more than...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS