Taiwan’s Greenfiltec may issue NT$250 million 0% convertible bonds

By Mary-Katherine Stinson

Lexington, Ky., March 10 –Greenfiltec Ltd. has decided to issue NT$250 million of 0% three-year convertible corporate bonds, according to a notice.

The bonds will be sold between par and 101 with a face value of NT$100,000 per bond.

SinoPac Securities Corp. is the agent.

Proceeds will be used to expand the company’s plant and purchase equipment.

This is the first issue of unsecured convertible bonds for the company.

Taoyuan City, Taiwan-based Greenfiltec develops, manufactures and distributes pollution control equipment.

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