Taiwan’s Greenfiltec prices its first convertible bonds

By Wendy Van Sickle

Columbus, Ohio, May 24 – Greenfiltec Ltd. priced its first domestic convertible bond on Wednesday, according to a notice.

The conversion premium rate is 105.1%, and the conversion price is NT$90 per share.

On March 10, the company announced it had decided to issue NT$250 million of 0% three-year convertible corporate bonds.

The company said at that time that proceeds would be used to expand the company’s plant and purchase equipment.

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

© 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.