Pou Chen Corp: shoe in for investors

A rare borrower returns to the convertible market.
October 30, 2003

The world's biggest footwear supplier, Pou Chen Corp (PCC), completed an extremely popular $260 million convertible yesterday (Thursday) via Citigroup and Merrill Lynch. The deal was 20 times covered by the time books were closed at 5pm Asian time, having been launched straight after the stock's close in Taiwan a few hours earlier.

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