By Mary-Katherine Stinson
Lexington, Ky., Oct. 5 – Nova Technology Corp. sold NT$800 million zero-coupon three-year domestic convertible bonds with a face value of NT$100,000 per bond, according to a notice.
The bonds were sold at 101.
The company stated the conversion rules would be announced after receiving regulatory approval.
IBF Securities Co., Ltd. is the underwriter.
This is the first domestic unsecured convertible bond for the company.
Proceeds will be used to repay debt and for working capital.
Zhubei, Taiwan- based Nova Technology sells large semiconductor equipment and materials.
| Issuer: | Nova Technology Corp.
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| Amount: | NT$800 million
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| Issue: | Domestic convertible bonds
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| Tenor: | Three years
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| Underwriter: | IBF Securities Co., Ltd.
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| Coupon: | 0%
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| Price: | 101
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