By Mary-Katherine Stinson
Lexington, Ky., Jan. 18 – BizLink Holding Inc. priced $150 million of 0% convertible bonds due Jan. 30, 2028 at par, according to a notice on Tuesday.
The bonds will be callable after three years at par plus a tentative gross yield of 4.875%, subject to a 130% hurdle. There will be a clean-up call available if 90% of the bonds have been redeemed.
The bonds will be putable on the three-year anniversary of issuance at par plus a tentative gross yield of 4.875% per year, or at 115.55.
The bonds will be redeemed at maturity by the issuer at 127.23.
UBS AG, Hong Kong Branch is the international lead underwriter with Yuanta Securities as local lead underwriter.
Proceeds will be used for the purchase of raw materials outside China.
BizLink is a New Taipei City, Taiwan-based developer and manufacturer of products and components for tech industries.
| Issuer: | BizLink Holding Inc.
|
| Issue: | Fifth unsecured overseas convertible bonds
|
| Amount: | $150 million
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| Maturity: | Jan. 30, 2028
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| Underwriters: | UBS AG Hong Kong Branch, Yuanta Securities
|
| Trustee: | Bank of New York Mellon
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | 0%
|
| Conversion price: | NT$288.65
|
| Calls: | After three years, subject to a 130% hurdle, at par plus approximately 4.875% per year
|
| Puts: | On the three-year anniversary at par plus approximately 4.875% per year, or at 115.55
|
| Change of control: | At par plus approximately 4.875% per year
|
| Pricing date: | Jan. 17
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| Issue date: | Jan. 30
|
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