EVA Airways to sell up to NT$7 billion convertible bonds at 100-100.5

By Marisa Wong

Morgantown, W.Va., Sept. 14 – EVA Airways Corp. updated some of the terms of its planned issue of five-year domestic convertible bonds. The company’s board of directors had approved the proposed issuance of zero-coupon convertible bonds in August.

The company now plans to issue up to NT$7 billion of the convertible bonds at a price of par to 100.5, according to a Taiwan Stock Exchange announcement on Thursday.

KGI Securities Co. Ltd. will act as underwriter, as previously announced.

Proceeds will be used to repay bank borrowings.

The airline is based in Taoyuan City, Taiwan.

© 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.