Lintes Technology resolves to issue debut domestic convertible bonds

Chicago, Dec. 1 – Lintes Technology Co., Ltd. resolved to issue domestic convertible corporate bonds for the first time, according to a regulatory notice.

The company plans to sell NT$300 million of 0% bonds with no issue discount.

The bonds will have a three-year tenor.

Proceeds will be used to support working capital and repay bank loans.

The bonds will be offered via a public offering entirely through a bidding auction.

CIBC Securities Co., Ltd. is the underwriter.

The prospective issuer is a Taipei, Taiwan-based fiber optic cable manufacturing company.

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