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...

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.

Click for more on: convertible | cb | gdr | concurrent | touch screen | technology | jp morgan | nomura

Print Edition

FinanceAsia Print Edition

EVENTS