Gold Circuit board OK’s max issue of NT$4 billion convertibles

By Mary-Katherine Stinson

Lexington, Ky., Sept. 8 – Gold Circuit Electronics Ltd.’s board approved an issuance of zero-coupon convertible corporate bonds, capping the total size at NT$4 billion, according to a notice.

The issuance period is five years, and the face value per bond is set at $100,000.

The actual total issue amount and price will be determined based on the results of a competitive auction.

Fubon Securities Co., Ltd. is the underwriter.

Proceeds will be used to repay the company’s bank loans and enrich working capital.

This is the company’s second issuance of domestic unsecured convertible corporate bonds.

The issuer is a Taoyuan City, Taiwan-based manufacturer and marketer of double-sided and multi-layered printed circuit boards.

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