Cable company brings second Taiwan CB in a week

Walsin Lihwa takes advantage of the strong market conditions to sell bonds with a zero yield.

Walsin Lihwa Corporation last night became the second Taiwanese company in less than a week to sell convertible bonds at a zero percent yield, adding to hopes that Taiwanese issuers are once again starting to view the international CB market as a preferred source for their financing needs.

Like last weekÆs offer from Giga-Byte Technology, WalsinÆs $200 million CB attracted strong demand partly because of the scarcity of convertibles from Taiwan this year. However, the strong performance on Nasdaq on...

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