chipmos-brings-second-asian-cb-in-one-night

ChipMOS brings second Asian CB in one night

Deal size likely to rise to $100 million from $85 million amid solid demand.
ChipMOS Technologies last night helped to bring some much needed life back into the Asian convertible market as it raised a minimum of $85 million from the sale of five-year bonds.

The offer coincided with Hynix SemiconductorsÆ larger $471 million offering, sparking some hope that issuers are getting ready to again tap the market, which until yesterday had seen only two deals at $100 million or above since early August, including one ringgit-denominated offering.

Taiwan-based but Nasdaq-listed ChipMOS, which provides test and assembly services for semiconductors used in LCD panels and other flat screens as well as other advanced memory products, was expected to increase its deal size to $100 million as...
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