Walsin Lihwa board OKs up to $250 million convertibles issue

By Jennifer Chiou

New York, June 26 - Walsin Lihwa Corp. said its board authorized an issue of up to $250 million of unsecured euro convertible bonds.

The company said that the zero-coupon securities will be issued at par and will mature within five years of the issue date.

The Taipei, Taiwan-based manufacturer of bare copper wire, wire and cable, and specialty steel said proceeds will be used to purchase overseas raw materials.

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