Published on 2/9/2004 in the Prospect News Convertibles Daily.
New Issue: Mega FHC $170 million convertibles yield -0.625%, up 25%
New York, Feb. 9 - Mega Financial Holding Co. priced $170 million of 1.5-year zero-coupon euro convertible bonds to yield negative 0.625% with a 25% initial conversion premium.
Lehman Brothers, Merrill Lynch and Citigroup were lead managers for the Regulation S deal.
The Taipei, Taiwan, company said it will use proceeds for "investment."
| Issuer: | Mega Financial Holding Co.
|
| Issue: | Euro convertible bond
|
| Amount: | $170 million
|
| Greenshoe: | $30 million
|
| Maturity: | 1.5 years
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | -0.625%
|
| Redemption price: | 99.065
|
| Conversion premium: | 25%
|
| Conversion price: | NT$27.625 (Fixed exchange rate of $1 = NT$33.25)
|
| Call: | After one year at par, subject to 130% hurdle
|
| Lead managers: | Lehman Brothers, Merrill Lynch, Citigroup
|
| Pricing date: | Feb. 9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
