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Giant Manufacturing to issue NT$4 billion 0% five-year convertibles
By Rebecca Melvin
Concord, N.H., March 25 – Giant Manufacturing Co. Ltd. intends to price NT$4 billion 0% five-year domestic convertible bonds at 100 to 100.5, according to a notice on Friday.
The company will use the proceeds to repay bank loans.
KGI Securities Co. Ltd. is underwriter of the bonds.
The company is waiting final issuance approval and applying to the Taipei Exchange for listing and trading.
The bicycle maker is based in Taichung City, Taiwan.
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