Motech Industries plans up to $130 million euro convertible bonds

By Marisa Wong

Madison, Wis., Nov. 26 - Motech Industries Inc. said its board of directors approved the issuance of up to $130 million of euro convertible bonds.

The company expects to price the bonds at par with a coupon of 0% and a maturity of five years.

The bonds will be sold through a public offering by international underwriters outside Taiwan.

Proceeds will be used to purchase raw materials overseas.

Motech makes solar cells and is based in Tainan, Taiwan.

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