* TAIWAN (12/28 07:15 GMT) Ta Chong Securities (listed in Taiwan, stock
code 6022) NT$1b (US$30.7m) zero-coupon CB due 8 Jan 2013. IP par. Conv px
NT$16.7/share. Initial premium 1%. Conv ratio 5988.0240 shares. Parity 104.79.
Put at 102.01 and 103.03 after 2yrs and 3yrs respectively. 10% clean-up call.
Lead manager is First Taisec Securities. Settlement 8 Jan 2008. Launch 28 Dec
2007.
* TAIWAN (12/28 05:02 GMT) Catcher Technology plans to raise up to US$260m
from selling offshore CB. Tentatively, the bond is set to carry a tenor of
5yrs. Proceeds will be used to purchase machinery and to fund the expansion of
production plant. KGI Securities is the local arranger of the deal.
* TAIWAN (12/28 01:12 GMT) WonTen Technology Co Ltd has filed with the FSC
for approval to issue up to US$45m offshore CB with a tenor of 3yrs. The zero
coupon bond will be bank-guaranteed. Proceeds will be used to purchase
materials overseas. JS Cresvale Securities Intl is responsible for overseas
sale, while Polaris Securities is the domestic underwriter. Bank of New York
will act as the trustee.
* TAIWAN (12/24 04:16 GMT) InnoLux Display Corporation is seeking approval
from FSC to sell up to NT$15b domestic CB. Tentatively, the 5-yr bond will pay
zero coupon. Proceeds will be used to build production plant and purchase
machinery. Other details are not decided yet.
* TAIWAN (12/24 02:42 GMT) UPC Technology Corp mulls selling NT$2b 5-yr
domestic CB. Proceeds will be used to repay loans and maturing corp bond.
Grand Cathay Securities is the arranger of the deal.
* INDIA (12/24 01:02 GMT) Mascon Global Limited launches US$50m 5-yr
offshore CB due 28 Dec 2013. Coupon 2%sa. IP Par. Redemption 129.35. Conv px
INR23/share. Conv ratio 172043.4783 shares. Parity 90.71. Settlement 27 Dec
2007. Launch 21 Dec 2007. KNG Securities and RP& C International are joint
lead manager of the deal.
* TAIWAN (12/21 01:33 GMT) China Petrochemical Development Corporation has
filed with the FSC for approval to issue NT$3b domestic CB. The 5-yr 0% bond
will be guaranteed by a consortium led by Mega International Bank. Proceeds
will be used to repay bank loans. Sinopac Securities is the undewriter of the
deal.
* TAIWAN (12/20 09:05 GMT) Big Sun Energy Technology Incorporation mulls
fund-raising through selling domestic CB. Size will be up to NT$2.6b. Proceeds
will be used to purchase materials.
* TAIWAN (12/20 08:04 GMT) Space Shuttle Hi-Tech Co Ltd plans to sell
NT$200m domestic CB. The 3-yr zero coupon CB will be guaranteed by China
Development Industrial Bank. Proceeds will be used to repay loans. Yuanta Core
Pacific is the trustee, while Sinopac Securities is the underwriter of the
deal.
* TAIWAN (12/19 08:33 GMT) Hwacom Systems Inc obtained approval from FSC to
issue up to NT$200m domestic CB. The 3-yr 0% bond will be guaranteed by Mega
Intl Commercial Bank. Proceeds will be used to repay bank loans. Polaris
Securities is the underwriter of the deal.
* INDIA (12/19 04:50 GMT) Gremach Infrastructure Equipments & Projects
launches US$50m 5-yr offshore CB due 23 Jan 2013. Coupon 1%sa. IP Par.
Redemption 137.24. Conv px INR376.36/share. Conv premium 15%. Conv ratio
104.5807 shares. Parity 88.72. IRR 7.3%. 5% clean-up call. Settlement 22 Jan
2008. Launch 10 Dec 2007. Standard Chartered is the lead manager of the deal.
* TAIWAN (12/19 03:35 GMT) Pro-Nets Technology Corp is seeking approval
from FSC to sell two CB issues. One will be NT$150m, while another will be
NT$100m. Both will carry a tenor of 5yrs and pay zero coupon. Proceeds will be
used for general working capital. The NT$150m deal will be guaranteed by
Chinatrust Commercial Bank. Fubon Bank is the trustee, while Chinatrust
Securitieis is the undewriter.
* TAIWAN (12/18 09:05 GMT) Asia Cement mulls selling US$250m offshore CB.
Tentatively, the bond is set to carry a tenor of 5yrs. Proceeds will be used
to purchase materials overseas.
* TAIWAN (12/18 08:50 GMT) Siward Crystal Technology is seeking approval
from FSC to sell NT$3b domestic CB. The NT$3b bond will carry a tenor of 5rys
and pay zero coupon. Puttable at 103.03 and 105.09 after 3yrs and 4yrs
respectively. Callable after 3 months subject to 150% trigger. Proceeds will
be used to purchase machinery. Yuanta Core Securities is the arranger of the
deal.
* TAIWAN (12/18 06:48 GMT) Pihsiang Machinery (listed in Taiwan, stock
code 1729) NT$1b (US$30.7m) zero-coupon CB due 24 Dec 2012. IP par. Conv px
NT$70.7/share. Initial premium 15%. Conv ratio 1414.4272 shares. Parity 84.58.
Put after @100 on 24 Jun 2010. 10% clean-up call. Lead manager is Yuanta Core
Securities. Settlement 24 Dec 2007. Launch 18 Dec 2007.
* TAIWAN (12/18 03:15 GMT) Harvatek Corp (listed in Taiwan, stock code
6168) NT$300m (US$9.21m) zero-coupon CB due 24 Dec 2012. IP par. Conv px
NT$38/share. Initial premium 12.56%. Conv ratio 2631.5789 shares. Parity
76.84. Put after 2 and 3 years @100 and 101.51 respectively. 10% clean-up
call. Lead manager is Mega Securities. Settlement 24 Dec 2007. Launch 18 Dec
2007.
* TAIWAN (12/17 09:10 GMT) Globe Union Industrial (listed in Taiwan, stock
code 9934) NT$1.7b (US$52.36m) zero-coupon CB due 24 Dec 2012. IP par. Conv px
NT$39.5/share. Initial premium 9%. Conv ratio 2531.6456 shares. Parity 88.35.
Put after 4 years on 24 Dec 2011 @104.0604. 10% clean-up call. Lead manager is
Polaris Securities is the arranger of the deal.
* TAIWAN (12/17 01:45 GMT) Polytronics Technology Corporation decided to
delay its planned bond issue, due to the unfavorable market conditions.
Originally, the tech company planned to sell up to NT$200m 5-yr 0% CB to fund
the purchase of office building. Grand Cathay Securities was mandated.
* TAIWAN (12/14 09:05 GMT) Center Laboratiories Inc is awaiting approval
from FSC to sell NT$300m domestic CB. Tenor 5yrs. Coupon 0%. E. Sun Securities
is the underwriter of the deal.
* TAIWAN (12/14 00:48 GMT) Cosmos Bank Taiwan NT$19.8b 5-yr subordinated
convertible bond. Coupon 6%ann for the first 2yrs, then lowers to 4%ann. Conv
px NT$2/share. Proceeds will be used to strengthen its financial structure.
* TAIWAN (12/13 00:55 GMT) Siward Crystal Technology Co Ltd mulls selling
its third domestic CB. The NT$3b bond will carry a tenor of 5rys and pay zero
coupon. Puttable at 103.03 and 105.09 after 3yrs and 4yrs respectively.
Callable after 3 months subject to 150% trigger. Proceeds will be used to
purchase machinery. Yuanta Core Securities is the arranger of the deal.
* CHINA (12/12 07:10 GMT) Yingli Green Energy Holdings sold US$150m 5-yr
zero-coupon CB due 15 Dec 2012. Greenshoe US$22.5m. IP par. Redemption
@128.827. Put after 3 years on 15 Dec 2010 @116.427. Call, subject to a hurdle
of 150%, before 15 Dec 2008 @105.22, before 15 Jun 2009 @107.917, before 15
Dec 2009 @110.682, before 15 Jun 2010 @113.518, before 15 Dec 2010 @116.427,
before 15 Jun 2011 @119.41, before 15 Dec 2011 @122.47 and before 15 Jun 2012
@125.609. YTP 5.144%. Conv px=US$43.4/share, vs previous share close
US$30.1399. Initial conv premium=40%. Settlement date 17 Dec. Lead managers
are Credit Suisse, Goldman Sachs and Merrill Lynch Pierce Fenner& Smit.
* THAILAND (12/12 03:45 GMT) Italian Thai Development PCL plans to sell CB
up to US$200m or an equivalent amount in any other currency. The bonds will
carry maturities of up to 7 years. The CB will be convertible into not more
than 728 million of the company"s common stocks. The CB issuance plan has been
approved by the company"s board of directors.
* TAIWAN (12/12 02:20 GMT) Taiwan Chi Cheng Enterprise (listed in Taiwan,
stock code 3095) NT$1b (US$30.90m) zero-coupon CB. Maturity 5 years due 17 Dec
2012. IP par. Put after 2 years on 17 Dec 2009 @101.0025. Call before 7 Nov
2012 at 100%, subject to a 150% hurdle. 10% clean-up call. Conv px=
NT$52/share, vs current px NT$49.1. Conv premium=10.19%. Max conv down=80%.
Lead manager i