Franbo Lines plans up to NT$400 million zero-coupon convertibles

By Mary-Katherine Stinson

Lexington, Ky., May 4 – Franbo Lines Corp.’s board of directors resolved on May 4 to issue zero-coupon convertible bonds for up to NT$400 million with a face value of NT$100,000 per bond, according to a notice.

The bonds will have a maturity of three years.

They will be issued at par.

This will be Franbo’s sixth domestic convertible bond.

Proceeds will be used to invest in subsidiaries and repay the first domestic guaranteed ordinary corporate bonds in 2020.

Based in Kaohsiung City, Taiwan, Franbo provides ocean transport and shipping agency services.

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