TST Group to Issue NT$500 Million Bonds in Taiwan

MT Newswires Live

2024/12/12

TST Group's (TPE:4439) board approved the issue of its first unsecured convertible corporate bonds in Taiwan, worth NT$500 million.

The bonds will have a face value of NT$100,000 each and will be issued at no less than 101% of their face value for a three-year term, according to a Wednesday Taiwan Exchange filing.

The zero-coupon bonds aim to repay existing bank borrowings, it noted.

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