By Devika Patel
Knoxville, Tenn., Oct. 7 - Catcher Technology Co., Ltd. informed the Taiwan Stock Exchange that its board of directors approved plans to price an offering of up to NT$5 billion in five-year domestic unsecured corporate bonds at a meeting on Wednesday.
The zero-coupon bonds will be sold with a face value of NT$100,000.
Grand Cathay Securities Corp. is the agent.
Proceeds will be used to purchase machinery and equipment, pay banks loans and for working capital.
Catcher Technology, based in Yungkang City, Taiwan, makes hard disk parts, aluminum alloy die castings, parts for the computer and automotive industries and sporting goods.
| Issuer: | Catcher Technology Co., Ltd.
|
| Issue: | Domestic unsecured corporate bonds
|
| Amount: | NT$5 billion
|
| Maturity: | 2014
|
| Coupon: | 0%
|
| Price: | Par of NT$100,000
|
| Agent: | Grand Cathay Securities Corp.
|
| Pricing date: | Oct. 7
|
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