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High Tech Computer $60 million convertibles talked at 0.50%-0.75%, up 13%-18%
New York, Jan. 22 - High Tech Computer Corp. is offering $60 million zero-coupon convertible senior bonds due 2008 with talk putting the yield at 0.50% to 0.75% and the initial conversion premium at 13% to 18%.
The deal is expected to price Thursday via bookrunner UBS Warburg.
The convertibles have a five-year maturity, with redemption at a premium. There will be a put after 12 to 15 months, with the exact date to be set, and a call after three years.
There is a $6 million greenshoe available on the offering.
The deal will be offered under Regulation S.
High Tech Computer designs and manufactures mobile computing and communications devices for other companies and is based in Taoyuan, Taiwan.
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