Wah Lee Industrial to price up to NT$2 billion 0% three-year convertibles

By Rebecca Melvin

Concord, N.H., July 2 – Wah Lee Industrial Corp. is planning to price up to NT$2 billion of unsecured convertible bonds with a 0% coupon and three-year maturity, according to a company release.

The bonds will price at between 100% to 101% of par via Yuanta Securities Co., Ltd. as underwriter.

The proceeds of the issue will be used to repay bank borrowings.

The company develops and supplies industrial materials from its base in Taiwan.

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