| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for Bank of Taipei > News item |
Bank of Taipei $150 million 0% convertible talked to price at 99.375-100, up 15%
Nashville, Dec. 15 - International Bank of Taipei launched Wednesday $150 million of five-year convertible bonds with a 0% coupon and 15% initial conversion premium talked with an offering price of 99.375 to 100.
There is a $30 million greenshoe available.
The bonds will be non-callable for two years, then subject to a 130% hurdle. There is a put in year two at 99.98.
The redemption price on the bonds is 99.95.
Sole bookrunner is Merrill Lynch. Co-managers include KGI Securities.
Pricing is anticipated Thursday.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.