Simpson Thacher Represents Initial Purchasers in US$180 Million CB and US$649.9 Million GDS Offerings by YAGEO
06.01.20
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The Firm recently represented the initial purchasers in connection with the Regulation S offering of US$180 million Currency Linked Zero Coupon Convertible Bonds (the “Bonds”) due 2025 by YAGEO Corporation (“YAGEO”). The Bonds are listed on the Singapore Exchange Securities Trading Limited. Citi and UBS acted as the joint bookrunners for the offering.
The Firm also represented the initial purchasers in connection with the Rule 144A and Regulation S offering of approximately US$649.9 million Global Depositary Shares (the “GDSs”) by YAGEO. Citi acted as the sole global coordinator, and Citi and UBS acted as the joint bookrunners for the offering.
YAGEO is a leading global electronic component company with production and sales facilities in Asia, Europe and the Americas. YAGEO’s shares are listed on the Taiwan Stock Exchange.
The Simpson Thacher team for both transactions included Yi Gao, Howie Farn, Sarah Tang and Keng-Wen Lin (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).