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High Tech Computer greenshoe exercised, raising convertibles to $66 million
New York, Jan. 27 - Underwriters UBS Warburg exercised the $6 million over-allotment option in full on High Tech Computer Corp.'s offering of zero-coupon convertible senior bonds due 2008, raising the total size of the deal to $66 million.
The convertibles were originally priced on Jan. 23 to yield 0.5% with an 18% initial conversion premium.
The deal was offered under Regulation S.
High Tech Computer designs and manufactures mobile computing and communications devices for other companies and is based in Taoyuan, Taiwan.
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