Fifth time lucky as Siliconware breaks aggressive CB run

Convertible bond investors losing patience with the recent run of aggressively priced deals got some much needed relief this week when Siliconware Precision Industries tapped the market for a $400m convertible bond that priced at the investor friendly end of terms even after generating a hefty book. The trade’s success is now expected to push those companies waiting on the sidelines to take advantage of the reopening of the issuance window, writes Rashmi Kumar.