Taiwan Kolin to sell $20 million convertibles

New York, Aug. 31 - Taiwan Kolin Ltd., Co. said it plans to issue $20 million convertible bonds this year.

The securities, approved by the board of directors at a meeting Tuesday, will have a zero coupon, a five-year maturity, puts in years two and four and a soft call after two years.

Proceeds will be used to buy materials from overseas.

Capital Securities (Hong Kong) Ltd. will be the underwriter.

Taiwan Kolin is a Taipei, Taiwan, maker of household appliances.

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