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Taiwan's Quanta Display to issue up to $330 million zero-coupon convertibles
New York, Oct. 5 - Quanta Display Inc. said its board of directors has authorized issuance of up to $330 million of zero-coupon euro convertible bonds.
The total size includes the greenshoe.
Lehman Brothers International (Europe) will be lead manager for the offering with KGI Securities Co. Ltd. as local financial adviser.
The deal, Quanta's third euro convertible, will have a five-year maturity.
Proceeds will be used to fund construction of facilities to make TFT-LCD screens.
Quanta is a Taiwan-based maker of flat panel displays.
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