TPK flies in grey market despite aggressive bond floor
TPK Holding’s convertible bond was trading at around 103 in the grey market on Wednesday night, after the Taiwanese technology company launched a $400m 2014 deal. The deal generated big demand despite what bankers argued was a low bond floor, and the order books were covered within an hour.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts