Leader Electronics eyes NT$250 million offering of three- to five-year convertibles

By Marisa Wong

Morgantown, W.Va., Nov. 9 – Leader Electronics Inc. plans to issue NT$250 million of convertible bonds, according to a Taiwan Stock Exchange notice.

The bonds will have a maturity of three to five years.

Proceeds will be used to fulfill working capital needs and to strengthen the company’s financial structure.

Based in New Taipei City, Taiwan, Leader is a producer and distributor of power supplies.

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