Fubon raises $850 million from GDR sale

The hard-underwritten transaction came at a 6.5% discount and is believed to have been somewhat short on demand. Separately, a pre-IPO investor in Taiwan-listed Ginko raised $100 million from a well-received block trade.
July 03, 2013

After seeing less than a handful of sizeable overnight trades in June when concerns about the end of quantitative easing in the US led to a sharp sell-off in Asian stock markets, July opened with a bang yesterday with three transactions hitting the market after the close.

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