Yuen Chang Stainless exercises clean-up call for convertibles

Chicago, Dec. 5 – Taiwan’s Yuen Chang Stainless Steel Co. Ltd. published a bond redemption notice for its issue of fourth unsecured convertible bonds.

The acceptance period for the cash redemption is from Dec. 27 to Jan. 25.

Applications for reclamation are due by Jan. 24.

The company is redeeming the bonds as a clean-up call as less than 10% of the issue is currently outstanding.

The stainless steel manufacturer is based in Kaohsiung, Taiwan.

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