Taiwan Cement GDRs Early Look - While Momentum Is Not the Greatest, the Deal Is Very Well Flagged

Clarence has highlighted this Insight as a Top Pick

Event-Driven

856 Views28 Sep 2023 15:33

Taiwan Cement (1101 TT) is looking to raise US$400m in its upcoming global depository receipts (GDRs) offering. Included is another planned raising of US$500m via convertible bonds.

Boomeranged on Tue, 17 Oct 2023 18:56

Taiwan Cement just launched its GDS offering, and shares are marketed at a 4-6.9% discount to last close. Citi is the sole bookrunner on the deal.

Clarence Chu

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