cable-company-brings-second-taiwan-cb-in-a-week

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 Monday, when the Composite Index rallied 1.5% also provided the right backdrop for the issue.

ôThis trade is all about timing and today Tuesday was a big liquidity day, which allowed the company to get...
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