Alltop Technology plans NT$500 million three-year convertible bonds

By Marisa Wong

Morgantown, W.Va., Dec. 9 – Alltop Technology Co. Ltd. plans to issue NT$500 million of three-year convertible corporate bonds through a public offering, according to a Taiwan Stock Exchange notice.

The bonds will be sold at par, with the coupon tentatively set at zero.

Proceeds will be used to strengthen the company’s financial structure, to repay company debt and to invest in a subsidiary.

Alltop designs, manufactures and sells electrical connectors in Taiwan and internationally. The company is based in New Taipei City, Taiwan.

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