Taiwan’s MPI to offer NT$700 million 0% three-year convertible bonds

By Marisa Wong

Madison, Wis., Oct. 16 – MPI Co. plans to issue NT$700 million of 0% three-year convertible corporate bonds through a public offering, according to a Taiwan Stock Exchange announcement.

Proceeds will be used for expansion, adding new equipment and improving financing.

KGI Security Inc. is the underwriter.

This will be the company’s third issue of non-collateral convertible bonds.

MPI is a semiconductor wafer-level probing technology and LED testing equipment vendor. The company is based in Zhubei, Taiwan.

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