Asia Cement raises $220 million from zero-coupon CB

The Taiwanese company returns to the market and prices an enlarged deal at a 0% yield.

<div style="text-align: left;"> Chinese demand for cement is on the rise, in response to infrastructure investment and urbanisation </div>

May 08, 2013

Asia Cement last night raised $220 million from the sale of a five-year, zero-coupon convertible bond, which it plans to use to repay maturing bonds. Due to strong demand, the deal was upsized in full, or by 10%.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.