Shin Kong Financial calls third issue convertible bonds at par

By Marisa Wong

Morgantown, W.Va., June 11 – Shin Kong Financial Holding Co., Ltd. will issue a notice of redemption for its third issue domestic convertible corporate bonds on June 21, according to a Taiwan Stock Exchange notice.

The bonds are callable at par because the company’s stock closed at or above 130% of the conversion price for 30 consecutive trading days.

The record date for the redemption is July 20, but holders must surrender their bonds by July 19.

Holders may convert their bonds at NT$9.17 per share until July 19 if they do not wish to have their bonds redeemed.

Shin Kong is an investment holding company based in Taipei, Taiwan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.