Quanta back in CB market

Taiwan''s largest notebook manufacturer shows CB market what it is capable of.

Quanta Computer returned to the CB market for the first time in two years on Tuesday July 19 with a $200 million convertible via Citigroup. The BBB- rated credit was just the kind of high quality name the market needed to revive investor confidence.

So far this year there have only been six equity-linked transactions from Taiwan and they have all been from companies at the other end of the credit spectrum. However, the recent combination of sharply rising share prices and buoyant debt markets seems likely to encourage a large number of companies that have been sitting on the sidelines for months.

In turn bankers...

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