Taiwanese touch-screen manufacturer TPK Holdings raised $383 million from a concurrent sale of a zero-coupon convertible bond and equity on Wednesday.
The convertible bond has a five-year maturity and a three-year investor put with an issuer call after three years, according to a term sheet seen by FinanceAsia. It offers a 1.5% yield with a conversation premium of 15% to the March 31 closing price of NT$219 per share.
Barclays, JP Morgan and HSBC launched the convertible bond with a base issue size of $150 million and two separate upsize options of $50 million each.
Alongside the convertible, TPK issued 20...