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Fulltech Fiber Glass plans up to NT$600 million convertible bonds
By Marisa Wong
Morgantown, W.Va., May 29 – Fulltech Fiber Glass Corp. plans to issue up to NT$600 million of 0% convertible corporate bonds, according to a Taiwan Stock Exchange notice.
The five-year bonds will be sold at par.
Taishin Securities Co., Ltd. will be the underwriter.
Proceeds will be used to repay bank loans.
Fulltech produces and sells fiber glass yarn and fabrics. The company is based in Taipei, Taiwan.
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