Cleanaway will issue 0% five-year convertible bonds in Taiwan

Chicago, July 15 – Cleanaway Co. Ltd. has approval from its board of directors to issue unsecured convertible bonds for the first time in Taiwan, according to a notice.

The company will issue NT$2.5 billion of 0% bonds at par of NT$100,000.

The public offer for the five-year notes lists Taishin Securities Co., Ltd. as agent.

The trustee is Taishin International Bank Co., Ltd.

Proceeds will be used to repay bank loans and for reinvestment.

Based in Taiwan, the issuer is a waste disposal company.

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