Taiwan’s Epistar attracts huge demand for $250 million CB

The deal came with both asset swaps and stock borrow and was upsized by 25% after being covered in 15 minutes.
Epistar is the market leader in LEDs used for backlighting in laptops, mobile phones and TVs
Epistar is the market leader in LEDs used for backlighting in laptops, mobile phones and TVs

Epistar Corp, the Taiwan-based manufacturer of light-emitting diode (LED) chips and wafers, has raised $250 million from the sale of convertible bonds. The deal attracted a huge response and was upsized by 25% from the initial $200 million.

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