Malaysia's Unisem prices CB

Malaysian IC testing and packaging company Unisem Berhad priced a debut $80 million convertible on Friday via lead managers Credit Suisse First Boston and ING. The deal size was relatively small, but the impact on the company's share capital is large given that it represents 25% of the enlarged share capital and 65 days trading. In addition, Unisem has also received permission to issue a further $50 million before February 2005.