Shin Kong plans up to NT$5 billion 0% five-year convertible bonds

By Marisa Wong

Madison, Wis., June 20 – Shin Kong Financial Holding Co., Ltd. announced it plans to issue up to NT$5 billion of 0% convertible corporate bonds at par with a maturity of five years.

This will be the company’s third issue of domestic convertible bonds.

KGI Securities will be the underwriter.

Proceeds will be used to fund the redemption of Shin Kong’s 2012 second issue convertible bonds when holders exercise their put option.

Shin Kong is an investment holding company based in Taipei, Taiwan.

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