Taiwan’s MPI to offer NT$1.00 billion 0% five-year convertible bonds

By Marisa Wong

Morgantown, W.Va., May 7 – MPI Co. plans to issue NT$1,002,000,000 of 0% five-year convertible corporate bonds through a public offering, according to a Taiwan Stock Exchange announcement.

The bonds will be issued a price of par to 100.2.

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

KGI Security Inc. is the underwriter.

This will be the company’s fourth 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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