Collins board approves up to NT$1 billion 0% three-year convertibles

By Wendy Van Sickle

Columbus, Ohio, July 19 – Collins Co., Ltd.’s board of directors approved on Wednesday the issuance of up to NT$1 billion of 0% three-year domestic convertible bonds to be sold by competitive action at no less than par of NT$100,000, according to a company announcement.

Masterlink Securities Corp. is the underwriter.

Proceeds would be used for repayment of bank debt.

Based in Taiwan, the company is involved in the export and import of groceries and clothing.

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