CHC Healthcare names guarantors, underwriter for planned convertibles

By Marisa Wong

Morgantown, W.Va., Aug. 9 – CHC Healthcare Group disclosed more details on its planned issuance of secured convertible corporate bonds in a Taiwan Stock Exchange notice on Wednesday.

The bonds will be guaranteed by First Commercial Bank Tunhua Branch and CTBC Bank Co., Ltd. Chengde Branch.

MasterLink Securities Corp. will be the underwriter.

As previously announced, CHC plans to sell up to NT$1.2 billion of 0% three-year convertible bonds at par.

Proceeds will be used to repay existing convertible bonds and to repay bank loans.

The medical equipment company is based in Taipei, Taiwan.

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