Taiwan’s Catcher Technology calls second issue convertible bonds

By Marisa Wong

Madison, Wis., Sept. 24 – Catcher Technology Co., Ltd. will call its second domestic convertible bonds for redemption, according to a Taiwan Stock Exchange announcement.

The company plans to redeem the bonds at par on Nov. 15. Settlement will occur on Nov. 21.

According to the bonds’ terms, the bonds are callable in whole or in part provided that the company’s stock closes at or above 130% of the conversion price for the 30 consecutive trading days immediately prior to the notice of redemption date.

A notice of redemption will be sent to bondholders on Oct. 16.

The bonds are convertible at NT$181.27 until Nov. 13.

Based in Yungkang City, Taiwan, Catcher manufactures, processes and distributes casings and components for computer and consumer electronic products.

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