TPK raises $436 million from CB, GDR

The Taiwanese touch-screen maker prices its five-year zero-coupon, zero-yield deal with a 15% conversion premium, while the GDR prices with a 3.9% discount.

TPK raises $436 million from CB, GDR

TPK Holding has raised $200 million from the sale of a five-year zero-coupon, zero-yield convertible bond, and raised $236.2 million from a concurrent offering of global depositary receipts GDRs.

With manufacturing facilities based in Xiamen in Fujian province, TPK focuses exclusively on making touch screens for computers and handheld devices, and is a supplier to Apple. The company was listed in Taiwan in 2010.

The GDR offering will help to...

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