Taiwan’s Quanta Display in late January completed the issue of US$180 million in euro-convertible bonds (ECBs) at a 15% premium over its share closing price and a per-share conversion price of NT$16.45, according to the Taiwan-based Commercial Times. Quanta Display shares were closed at NT$12.80 on February 10.
Furthermore, Taiwan’s Securities and Futures Commission (SFC) on February 6 approved HannStar Display’s application for an issue of ECBs within US$200 million and an issue of 400 million to 600 million new shares in global depositary receipts (GDRs). HannStar Display reportedly plans to first launch the ECB issue, with Credit Suisse First Boston (CSFB) and ING Bank acting as underwriters.
Finally, Chi Mei Optoelectronics (CMO) also reportedly has restarted an issue of 500 million new shares in GDRs and an issue of ECBs within US$250 million and schedules to complete the issues by the end of April.
Article translated by Shih-wei Kao and edited by Shih-wei Kao
