Taiwan paper maker achieves high premium with CB

The $100 million bond issue can be exchanged for shares in Prime View International, which is attracting attention because of its move into e-paper.

After more than seven months without any publicly marketed equity-linked issuance from Taiwan, the market stirred to life last week with two deals รป both offering exposure to the tentative recovery in the liquid crystal display industry.

Grabbing most of the attention was the $125 million convertible for Chunghwa Picture Tubes on Thursday, but in the wake of that, Yuen Foong Yu Paper Manufacturing completed a $100 million exchangeable that achieved the rare combination of a relatively high for Taiwan...

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