CPT prices debut GDR as Chi Mei pre-markets

The largest tech GDR of the year achieves the tightest discount.

The country is facing a myriad of difficulties as the war in the Middle East remains unresolved, with the IMF watching closely.

A third convertible from the Chi Mei group this year gets turned around in four days.

The transaction represents the largest equity transaction in Taiwan since 2005, and the largest GDR issuance ever completed in Taiwan's capital markets.

The oil price has surged to $82 a barrel amid disruption in the Strait of Hormuz as Iran responds with multiple missiles across the Middle East after the US and Israel launched strikes on Iran over the weekend; the UAE has closed its stock markets for two days.

Japan's borrowing costs hit a 30-year high after the US Fed chair used more hawkish rhetoric; oil prices are up again as hostilities resume in the Middle East.