Full Wang International Development plans NT$4 billion 0% convertibles

By Marisa Wong

Madison, Wis., March 11 - Full Wang International Development Co., Ltd. plans to issue NT$4 billion of 0% domestic convertible bonds through a book-building process, according to a Taiwan Stock Exchange notice.

The bonds will be issued at par with a maturity of three years.

Cathay Securities Co., Ltd. is the underwriter.

Proceeds will be used to strengthen operating capital or pay for construction work.

This will be Full Wang's third issue of domestic convertible bonds. The company's board of directors approved the issuance on Tuesday.

Full Wang International, formerly Topvision Display Technologies, Inc., is a real estate company based in Taichung, Taiwan.

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