Ritek completes CB

Taiwanese CD-R manufacturer adopts equity like structure for convertible bond.

Deutsche Bank closed the books on a $160 million convertible for Ritek Corp after only two hours yesterday Tuesday, taking advantage of momentum generated by its previous day's deal for Powerchip to propel the new offering along. The market's strong tone was evidenced by an order book, which closed ten times oversubscribed, with orders capped and pricing completed at the tight end of indicative terms.

These comprised an issue price of par to 101% and a conversion...

To continue reading, please login or register for free

Click for more on: ritek | completes | cb

Print Edition

FinanceAsia Print Edition