Focus Taiwan
Date: 2015/06/26
By: Jalen Chung and Frances Huang
Taipei, June 26 (CNA) Taiwan-based Advanced Semiconductor Engineering Inc.
After the high premium in pricing news was released, shares of ASE outperformed the broader market Friday, to end up 0.81 percent at NT$43.30 (US$1.40) on the Taiwan Stock Exchange, where the weighted index closed down 0.14 percent.
The 2.75-year bonds worth US$200 million carrying a zero coupon rate were well received in the market and were six times oversubscribed so that ASE priced the tranche of the bonds at NT$54.55 in conversion price, which represented a 27 percent premium over Thursday’s closing price of NT$42.95. [FULL STORY]