Stats ChipPAC back in bonds

Singaporean test and assembly company takes advantage of strengthening credit markets.

Stats ChipPAC returned to the international bond markets for the second time in under a year on July 12 with a $150 million 144a deal via Credit Suisse First Boston. The Ba2/BB rated credit's five-year bullet offering received an extremely strong market response in contrast to the most recent Asian high yield tech deal from the region by Hynix Semiconductor.

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