UMC/Wharf CBs

UMC and Wharf raise $1.3 billion from CBs

UMC issues $500 million of new Taiwan dollar-linked CBs, while Wharf brings an $800 million three-year deal with a 65% premium.
<div style="text-align: left;"> Examining a mask-part used in wafer conception at United Microelectronics Corp factory in Tainan, southern Taiwan. </div>
<div style="text-align: left;"> Examining a mask-part used in wafer conception at United Microelectronics Corp factory in Tainan, southern Taiwan. </div>
May 18, 2011

After three weeks with no major deals, the convertible bond market in Asia sprung back to life last night with two transactions that could not have been more different from one another.

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