By Marisa Wong
Madison, Wis., Oct. 24 - Radiant Opto-Electronics Corp. announced it issued NT$3 billion of 0% domestic convertible bonds.
The bonds are priced at par with a maturity of five years.
Horizon Securities Co., Ltd. is the underwriter.
Conversion terms of the bonds have yet to be announced.
Proceeds from this first issue of domestic convertibles will be used to repay bank loans and to fund the redemption of third issue zero-coupon euro convertible bonds for which holders have exercised their put right.
Radiant is a backlight module manufacturer and research and development company based in Kaohsiung City, Taiwan.
| Issuer: | Radiant Opto-Electronics Corp.
|
| Issue: | Domestic convertible bonds, first issue
|
| Amount: | NT$3 billion
|
| Maturity: | Five years
|
| Coupon: | 0%
|
| Price: | Par
|
| Yield: | 0%
|
| Underwriter: | Horizon Securities Co., Ltd.
|
| Announcement date: | Oct. 24
|
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