China Fineblanking plans fourth and fifth issue of 0% convertibles

By Mary-Katherine Stinson

Lexington, Ky., May 8 – China Fineblanking Technology Co., Ltd. plans to issue fourth and fifth tranches of 0% domestic convertible corporate bonds, according to two separate notices.

The board approved a fourth issue of 0% secured bonds to total no more than NT$200 million.

Pricing will be determined by public auction.

Also, on May 8 the board approved a fifth issue of 0% convertible bonds up to NT$300 million to be issued at par.

Each bond will have a tenor of three years and a face value per bond of NT$100,000.

Taiwan Cooperative Securities Co. Ltd. is the agent.

Proceeds of both issues are earmarked for repaying domestic bonds and bank loans.

Taiwan-based China Fineblanking manufactures metal stamping products.

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