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Taiwan's Kinko Optical to issue $40 million convertibles
New York, Sept. 29 - Kinko Optical Co., Ltd. said its board of directors authorized it to issue $40 million of euro convertible bonds.
The securities will be issued at par, have a five-year term and a coupon of between 0% and 2%.
Proceeds will be used to invest in China, repay a mortgage and buy equipment.
Kinko Optical is a Taichung, Taiwan, maker of lenses for cameras, scanners and projectors.
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