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Asustek launches $1.5 billion five-year zero-coupon convertible bond

Asustek Computer TWSE:2357 is launching a $1.5 billion five-year zero-coupon convertible bond, with proceeds earmarked for buying raw materials in foreign currencies, according to a term sheet seen Thursday.

2357

5 billion five-year zero-coupon convertible bond, according to a term sheet seen on Thursday. The company said proceeds will be used to buy raw materials in foreign currencies. 5740 Taiwan dollars.