Elitegroup Computer prices debut CB

Taiwan''s largest motherboard manufacturer brings its first ever capital markets offering.

Having surpassed Asustek as the Republic's largest motherboard manufacturer during 2001 and watched its stock climb 300% during the latter half of the year, Elitegroup Computer Systems ECS decided to cement its improved domestic standing at the beginning of 2002 with a first international equity offering.

UBS Warburg was mandated for a $100 million five-year zero coupon transaction and after spending a few weeks credit marketing, a deal was launched and priced within the space of eight hours on Monday. Part of the reason for the speedy execution was a volatile Treasury market, which made the lead's job particularly difficult since it needed to adjust for a 75bp back-up in two-year Treasury spreads within pre-set...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222