Alltop Technology plans NT$1 billion 0% five-year convertible bonds

By Mary-Katherine Stinson

Lexington, Ky., Nov. 3 – Alltop Technology Co. Ltd.’s board of directors resolved to issue NT$1 billion 0% five-year convertible corporate bonds through a public offering, according to a Taiwan Stock Exchange notice.

The bonds will be sold at par to 101.

KGI Securities is the underwriter.

Proceeds from the sixth issue of unsecured convertibles will be used to strengthen the company’s financial structure.

Alltop designs, manufactures and sells electrical connectors in Taiwan and internationally. The company is based in New Taipei City, Taiwan.

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