Taiwan Mobile plans up to NT$10 billion 0% five-year convertible bonds

By Marisa Wong

Morgantown, W.Va., Aug. 18 – Taiwan Mobile Co., Ltd. plans to issue up to NT$10 billion of third issue convertible bonds, according to a Taiwan Stock Exchange announcement.

The zero-coupon bonds will be offered at par and will have a term of five years.

Yuanta Securities Co., Ltd. will be the underwriter.

Proceeds will be used to repay debt.

The telecommunications company is based in Taipei, Taiwan.

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