India has completely dominated CB issuance so far this year with about 75% of the market, with Hong Kong making up a large percentage of the rest. Consequently, there is a certain amount of scarcity or diversification value attached to an issuer from anywhere else.
In addition, Winbond itself is also a rare issuer because of its prudent financing strategy. This, together with signs of improving sales, added further to the buying interest and helped offset a...
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