King Yuan Electronics plans up to $50 million three-year convertibles

By Marisa Wong

Morgantown, W.Va., May 9 – King Yuan Electronics Co., Ltd. plans to issue up to $50 million of three-year euro convertible bonds, according to a Taiwan Stock Exchange announcement.

The fourth issue bonds will be sold at par, tentatively with a zero coupon.

Proceeds will be used for purchasing machinery and equipment.

King Yuan provides integrated circuit testing services to semiconductor manufacturers. The company is based in Hsinchu, Taiwan.

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