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AcBel Polytech to offer up to NT$4 billion 0% convertibles at 101
By William Gullotti
Buffalo, N.Y., April 17 – AcBel Polytech Inc. intends to offer up to NT$4 billion 0% unsecured convertible bonds at 101, according to a notice on Monday.
The issuance period will be five years, and each convertible will have a face value of NT$100,000.
The offering will be underwritten by KGI Securities Co., Ltd.
Further details, such as conversion rate, buyback conditions and put options, will be determined during the public underwriting process via book building.
AcBel’s stock agent will also serve as the paying agent for the convertibles.
Proceeds will be used to fund investments of the company’s subsidiaries.
The maker of electronic power supplies is based in Taipei, Taiwan.
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