Taiwan’s Bizlink seals debut dollar CB

The electronics components maker priced a $60 million convertible bond as part of a broader effort to raise its international profile.

Bizlink Holdings, a California-headquartered and Taiwan-listed cable manufacturer, raised $60 million on Wednesday after completing the first internationally-marketed, US dollar-denominated Taiwanese convertible bond sale in seven months.

The transaction is the first Reg S equity-linked issuance out of Taiwan since United Microelectronics Corp’s $600 million deal in May last year.

The unrated issuer, a supplier of charging cables and USB connectors to car and computer manufacturers, is almost unknown to international investors and there is no analyst coverage of the stock by international banks and brokerages. Sole bookrunner JP Morgan was nonetheless able to draw in robust demand after sounding out the transaction and educating...

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