Nan Ya GDR and exchangeable priced

A tale of two different offerings.

DRAM manufacturer Nan Ya Technology completed a concurrent GDR and exchangeable offering on Friday after a second day of losses on the TWSE. The sudden popping of the tech rally meant the GDR had a much tougher time than anyone had envisaged at the beginning of the week, while the exchangeable proved a far easier sell since it was backed by the credit of Nan Ya Plastics.

The GDR was led by Goldman Sachs and UBS,...

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