IBT completes CB

The International Bank of Taipei raises $180 million from a convertible bond.
December 17, 2004

Bookrunner Merrill Lynch took an unusual but effective approach to syndicating a convertible for IBT on Wednesday (December 15). Faced with the common problem of having to bring a deal to market with aggressive terms, it decided to bookbuild the transaction on a range that spanned no fees to full fees.

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