Simpson Thacher recently represented J.P. Morgan and Nomura in connection with a $400 million offering by TPK Holding Co., Ltd. (“TPK”) of Zero Coupon Convertible Bonds due 2014. TPK is a leading touch solution provider with manufacturing facilities in China. TPK’s touch solutions are applied in a large number of market leading smartphones and tablets. The transaction is TPK’s first international fund-raising transaction since its initial public offering on the Taiwan Stock Exchange in October 2010. IFR Asia described this transaction as follows: “TPK’s US$400m three-year CB came with the highest conversion premium for any bond that paid no coupon or yield since 2004.”
The Simpson Thacher team for this transaction included Chris Lin, Ferish Patel, Asher Hsu, Howie Farn and Richard Chang.
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