TSMC ADR and Benq GDR priced

Joint bookrunners Goldman Sachs and Merrill Lynch completed an accelerated ADR in Taiwan Semiconductor Manufacturing Company after New York's close yesterday (Tuesday) raising $945 million for the Taiwanese government (post greenshoe). The deal stands as the largest equity offering from Asia so far this year by some margin and for the Taiwanese government, is likely to be viewed as a huge success.