Asia Cement raises $220 million from zero-coupon CB

The Taiwanese company returns to the market and prices an enlarged deal at a 0% yield.
<div style="text-align: left;"> Chinese demand for cement is on the rise, in response to infrastructure investment and urbanisation </div>
<div style="text-align: left;"> Chinese demand for cement is on the rise, in response to infrastructure investment and urbanisation </div>
May 08, 2013

Asia Cement last night raised $220 million from the sale of a five-year, zero-coupon convertible bond, which it plans to use to repay maturing bonds. Due to strong demand, the deal was upsized in full, or by 10%.

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