Chung Hwa Chemical offers up to NT$600 million three-year convertibles

By Rebecca Melvin

Concord, N.H., April 12 – Chung Hwa Chemical Industrial Works Ltd.’s board of directors plans to price up to NT$600 million of 0% three-year domestic convertible bonds, according to a notice.

Pricing of the notes will occur between 100.5 to 101.

Proceeds will be used for working capital and to repay bank loans.

Fubon Securities Co. Ltd. is underwriter of the deal, and SinoPac Securities Co. Ltd. is the paying agent.

The chemical company is based in Taiwan.

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