Lion Travel approves second domestic convertible bonds issue

Chicago, Oct. 7 – Lion Travel Service Co., Ltd.’s board of directors has approved the issuance of up to NT$400 million three-year convertible bonds, according to a notice.

The zero-coupon bonds will be used to increase working capital.

The bonds are expected to be issued at par of NT$100,000.

The sale will be a public offering entirely based on book building with Taishin Securities Co., Ltd. working as the underwriter.

Based in Taipei City, the company is focused on the tourism industry in Taiwan, including sightseeing tours.

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