Brief: Kung Sing Engineering to issue 1st tranche domestic secured convertible bonds worth T$1 bln

Kung Sing Engineering

26/10/2017 14:40

Oct 26 (Reuters) - Kung Sing Engineering Corp  5521.TW  : 
 
    * Says it plans to issue 1st tranche domestic secured 
convertible bonds worth T$1 billion  
    * Bonds are each with par value of T$100,000, a term of 5 
years and coupon rate of 0 percent  
    * Proceeds will be used to repay bank loan  
     
    Source text in Chinese: https://goo.gl/S7rpZA 
    Further company coverage:  5521.TW  
 
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