Taiwan’s Marketech plans to sell up to NT$2.5 billion 0% convertibles

By Mary-Katherine Stinson

Lexington, Ky., March 17 –Marketech International Corp. may issue NT$250 million of 0% three-year convertible corporate bonds, according to a notice.

The company’s fifth issue of domestic convertible bonds will be issued at a price between par and 102 with a face value of NT$100,000 per bond.

Taipei Fubon Commercial Bank Co., Ltd. is the trustee.

Fubon Securities Co., Ltd. is the underwriter.

Proceeds will be used to repay debt.

The bonds will be listed on the Taipei Exchange.

Taipei City, Taiwan-based Marketech manufactures, sells, imports and trades in a range of integrated circuits, semiconductors, electrical and computer equipment and materials, chemicals, gas and components.

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