Taiwan's Gintech plans NT$1.7 billion of domestic corporate bonds

By Marisa Wong

Madison, Wis., March 14 - Gintech Energy Corp. said its board of directors has resolved to issue two tranches of 0% domestic corporate bonds.

The company will issue up to NT$1 billion of bonds in the first tranche and up to NT$700 million of bonds in the second tranche.

The first issue will have a maturity of four years and six months, and the second issue will have a maturity of five years.

The bonds will be priced at par.

Proceeds will be used to repay bank debt.

Based in Jhunan Township, Taiwan, Gintech designs, manufactures and markets multi-crystalline solar cells.

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