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Shin Kong launches up to NT$5.02 billion 0% five-year convertibles at par to 100.3
By Abigail W. Adams
Portland, Me., Oct. 16 – Shin Kong Financial Holding Co., Ltd. has launched an offering of up to NT$5.015 billion of 0% five-year convertible bonds, according to a company news release.
Talk is for an issue price of par to 100.3 of the bonds’ face value of NT$100,000.
Subsidiary MasterLink Securities Corp. will issue the bonds.
Yuanta Securities will act as underwriter for the offering, which was approved at a board of directors meeting on Wednesday.
Proceeds will be used for the repayment of short-term debt and increased working capital.
Shin Kong Financial Holding is a Taipei, Taiwan-based banking and insurance holding company.
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