gdr

Taiwanese silicon wafer maker raises $469 million in island’s biggest GDR deal in nearly four years. It needs the cash to help fund acquisition of SunEdison Semiconductor.

Debut offering from the chemicals and solar manufacturer, which plans to use proceeds to pay down debt

Syndicates opened books a few days earlier for the Korean bank, with hedge funds and long-only institutions keen to get in on the GDRs.

The China-based water treatment and clean energy company attracts strong demand for its top-up placement, while Korea’s Doosan Infracore sees a more muted response to its $400 million GDR sale.

Taiwan’s Hermes Microvision and some of its pre-IPO shareholders raise $292 million, while Korea-listed Kolao and its chairman bring a $150 million deal.

The hard-underwritten transaction came at a 6.5% discount and is believed to have been somewhat short on demand. Separately, a pre-IPO investor in Taiwan-listed Ginko raised $100 million from a well-received block trade.

The OEM garment maker raises $113.8 million from Korea's first big equity deal this year.

The OEM manufacturer of garments opened the order books yesterday for what is set to be the first equity deal of size in Korea this year.

The deal is triggered by obligations under a debt restructuring agreement between the Taiwan LCD panel manufacturer and its lending banks.