Taiwan's E-Ton says investors may put zero-coupon convertibles

By Susanna Moon

Chicago, March 17 - E-Ton Solar Tech. Co., Ltd. said investors may put the company's 0% convertible bonds due 2011, of which $100 million remains outstanding.

The redemption date is May 16. Holders must file their put notices by April 30.

E-Ton said it would buy the notes at par.

The conversion price is NT$389.09, lowered from NT$486.36, effective Nov. 16. The price is 80% of the old conversion price.

E-ton shares (Taiwan: 3452) closed at NT$241 on March 14.

The paying agent is the Bank of New York, London.

Tainan, Taiwan-based E-Ton develops solar cells.

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