ChipMOS brings second Asian CB in one night

Deal size likely to rise to $100 million from $85 million amid solid demand.

ChipMOS Technologies last night helped to bring some much needed life back into the Asian convertible market as it raised a minimum of $85 million from the sale of five-year bonds.

The offer coincided with Hynix SemiconductorsÆ larger $471 million offering, sparking some hope that issuers are getting ready to again tap the market, which until yesterday had seen only two deals at $100 million or above since early August, including one ringgit-denominated offering.

Taiwan-based but Nasdaq-listed ChipMOS...

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