SinoPac completes CB

A measure of stability returns to the Taiwanese convertible market as SinoPac Holdings clears its deal.

Jackie Horne

July 08, 2002

Despite being launched less than two weeks after a $400 million issue for Chinatrust, a $200 million convertible for SinoPac appeared to enjoy a relatively smooth ride yesterday (Monday). The UBS Warburg-led deal never fell below par after the announcement of terms and opened secondary market trading at London's close around the par-and-a-half level.

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