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CHC Healthcare sets conversion premium at 9.8% for convertibles
New York, Oct. 25 – CHC Healthcare Group set the conversion price for its offering of secured convertible corporate bonds at NT$42 per share on Wednesday, according to a notice filed with the Taiwan Stock Exchange notice.
The conversion price represents a premium of 9.8% over the closing stock price.
As previously announced, CHC plans to sell up to NT$1.2 billion of 0% three-year convertible bonds at par.
The bonds will be guaranteed by First Commercial Bank Tunhua Branch and CTBC Bank Co., Ltd. Chengde Branch.
MasterLink Securities Corp. is the underwriter.
Proceeds will be used to repay existing convertible bonds and to repay bank loans.
The medical equipment company is based in Taipei, Taiwan.
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