Taiwan’s Kung Sing plans issue of convertible bonds

New York, Oct. 26 – Kung Sing Engineering Corp. plans to offer its first convertible corporate bonds, according to an announcement from the company.

The financing was approved by the company’s board of directors on Thursday.

Fubon General Securities Co., Ltd. will be the underwriter.

The bonds will have a five-year maturity and a zero coupon.

Proceeds will be used to repay bank loans.

Kung Sing is a Taipei, Taiwan-based company that constructs highways and bridges.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.