ASE prices CB

The first Taiwanese deal of the autumn pipeline benefits from an aggressive asset swap bid by its lead manager.
September 04, 2003

Taiwanese integrated semiconductor and packaging company ASE priced a $175 million convertible yesterday (Thursday) via ABN AMRO. The transaction incorporated an unusual structure and marks the first time since China Petrochemical in 1998 that the put option has been pushed out to four years.

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