M.J. International plans up to NT$505 million three-year convertibles

By Marisa Wong

Los Angeles, March 23 – M.J. International Co., Ltd. plans to conduct a second issuance of domestic convertible corporate bonds with a maximum issue amount of NT$505 million, according to a Taiwan Stock Exchange notice.

The zero-coupon three-year bonds will be issued at a price between par and 101.

Taishin Securities Co., Ltd. is the underwriter.

Proceeds will be used to repay principal due on the company’s first issuance of domestic convertible bonds.

Taiwan-based M.J. International manufactures luxury vinyl tile and other flooring products.

© 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.