AU Optronics plans $800m zero coupon convertible bond
Taiwanese computer display panel manufacturer AU Optronics plans to raise as much as $800m in the convertible bond market, and will use the zero-coupon structure adopted by Taiwanese computer maker Acer earlier this year.
Joint bookrunners Bank of America Merrill Lynch, Citi, Goldman Sachs, Standard Chartered and UBS are managing the $600m five year deal, which comes with a $200m greenshoe option.
The par-priced bonds will be redeemed at between 111.1-115.3, or a yield to maturity of between 2.125%-2.875%. The banks are
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