Cathay Financial CB

Taiwan’s Cathay Financial raises $254 million from two-year CB

The zero coupon deal is priced with a 27% conversion premium and attracts strong demand from multi-strategy funds and outright investors.

<div style="text-align: left;"> Taiwan's Cathay Financial drew strong demand from investors </div>

August 08, 2012

Cathay Financial last night priced a two-year zero coupon convertible bond that pays a 0.25% yield-to-maturity and offers a 27% conversion premium. The final deal size was $254.4 million, a source said.

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