Far Eastern International Bank sells $150 million of rated CBs
The first US dollar convertible bond out of Taiwan this year comes with plenty of asset swaps, but is allocated mostly to outright funds.
February 01, 2013
Taiwan-based Asia Cement last night returned to the market to raise $172.5 million from a convertible bond that was upsized by 38% from the original base deal and priced close to best terms for the issuer. This was Asia Cement’s second equity-linked deal this year following a $375 million exchangeable bond into textile manufacturer Far Eastern New Century in January.
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