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Walsin Lihwa board OKs up to $250 million convertibles issue
By Jennifer Chiou
New York, June 26 - Walsin Lihwa Corp. said its board authorized an issue of up to $250 million of unsecured euro convertible bonds.
The company said that the zero-coupon securities will be issued at par and will mature within five years of the issue date.
The Taipei, Taiwan-based manufacturer of bare copper wire, wire and cable, and specialty steel said proceeds will be used to purchase overseas raw materials.
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