Pou Chen Corp: shoe in for investors

A rare borrower returns to the convertible market.

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.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media