Taiwanese company Siliconware Precision Industries raised $400 million through a zero-coupon convertible bond on Tuesday night.
The deal has a five-year maturity with a three-year investor put and an issuer call after three years.
It offers a 1% yield and closed with a conversion premium of 27.5% to Tuesday's closing price of NT$41.65, at the bottom of the guidance of 27.5% to 35%.
The conversion price was set at NT$53.10, at the bottom end of the initial range of NT$53.10 to NT$56.23. The credit spread was 200 basis points. The bonds are due on October 31, 2019.