Wisdom Marine Lines plans $80 million offering of convertible bonds

By Marisa Wong

Madison, Wis., Feb. 26 – Wisdom Marine Lines Co., Ltd. plans to issue up to $80 million of overseas convertible bonds, according to a Taiwan Stock Exchange announcement.

The issue price has been tentatively set at par, and the maturity is expected to be five years.

J.P. Morgan Securities plc will be the underwriter.

This will be the company’s second issue of overseas convertible bonds.

Proceeds have been earmarked for fleet expansion.

The ship leasing and marine transportation company is based in Taipei, Taiwan.

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