Taiwan Mask board OKs issuance of up to NT$2 billion of convertibles

Chicago, March 15 – Taiwan Mask Corp. announced that its board has approved an issue of up to NT$2 billion of corporate convertible bonds, according to an announcement.

The issue price on the 0% domestic notes will not be less than 102.

Proceeds from the five-year notes will be used for purchasing machinery and equipment and to repay bank loans.

KGI Securities Co., Ltd. is the underwriter.

The Taiwanese company is a researcher, developer, manufacturer and distributor of masks for semiconductor production.

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