Salomon Smith Barney successfully completed a convertible bond for Acer Communications and Multimedia, a Taiwanese computer and mobile phone manufacturer, on Wednesday morning - its first Asian convertible deal of the year.

Acer raised $200m (€217.52m) in a matter of hours. The firm exercised a $25m greenshoe option - the right to sell additional paper if demand for the bond exceeds supply - to raise the deal from its original $175m.