Wowprime selling NT$700 million 0% five-year convertibles

By William Gullotti

Buffalo, N.Y., Oct. 11 – Wowprime Corp. is selling NT$700 million zero-coupon five-year unsecured convertible corporate bonds with a face value of NT$100,000 per bond, according to a notice on Tuesday.

This is the first convertible bond offering for the company, flexibly priced between par and 101.

The company stated calls, puts, conversion rules and further relevant details would be announced after receiving regulatory approval.

Fubon Securities Co., Ltd. is the underwriter.

Proceeds will be used to for business expansion, specifically for new stores.

Wowprime is a chain catering group based in Taiwan.

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