New Issue: Zhen Ding sells $400 million 0% convertible bonds due 2025, up 17.5%

By Abigail W. Adams

Portland, Me., June 30 – Zhen Ding Technology Holding Ltd. priced $400 million 0% convertible bonds due 2025 on June 22 at par with an initial conversion premium of 17.5%, according to a listing announcement and media reports.

Credit Suisse (Hong Kong) Ltd. and Citigroup Global Markets Inc. were bookrunners for the Regulation S offering.

Zhen Ding is a Taoyuan City, Taiwan-based flexible printed circuit manufacturer.

Issuer:	Zhen Ding Technology Holding Ltd.
Securities:	Convertible bonds
Amount:	$400 million
Maturity:	June 30, 2025
Bookrunners:	Credit Suisse (Hong Kong) Ltd. and Citigroup Global Markets Inc.
Coupon:	0%
Price:	Par
Conversion premium:	17.5%
Pricing date:	June 22
Settlement date:	June 30
Distribution:	Regulation S
Stock symbol:	TW: 4958
Stock price:	NT$134
Market capitalization:	NT$115.94 billion

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