Acer launches $500 million convertible bond

The deal comes with two tranches and is priced with a zero coupon, making it the first large zero-coupon CB in the world in two years.

Acer Inc, the world’s second-largest computer maker, launched a $500 million two-tranche convertible bond last week which priced with a zero coupon and was re-offered at par. This is the first large zero-coupon CB in the world since 2008, indicating the issuer’s confidence in its profit growth and equity performance in the coming years.

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