[Da-Dong Electric] Announcement of Board Resolution to Issue First Domestic Unsecured Convertible Bonds
Key facts
- [Da-Dong Electric] Announcement of Board Resolution to Issue First Domestic Unsecured Convertible Bonds
- Da-Dong Electric announced on May 29, 2026, that its board has approved the issuance of its first domestic unsecured convertible bonds totaling NT$2 billion. The bonds have a 3-year term and a 0% coupon rate. Proceeds will be used to repay bank loans and bolster working capital.
- Source: PR Times
- Date: May 29, 2026
Direct answer
Da-Dong Electric announced on May 29, 2026, that its board has approved the issuance of its first domestic unsecured convertible bonds totaling NT$2 billion. The bonds have a 3-year term and a 0% coupon rate. Proceeds will be used to repay bank loans and bolster working capital.
- Citation
- [Da-Dong Electric] Announcement of Board Resolution to Issue First Domestic Unsecured Convertible Bonds (May 29, 2026), PR Times
- Source
- PR Times
- Date
- May 29, 2026
Da-Dong Electric announced on May 29, 2026, that its board has approved the issuance of its first domestic unsecured convertible bonds totaling NT$2 billion. The bonds have a 3-year term and a 0% coupon rate. Proceeds will be used to repay bank loans and bolster working capital.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 17:15 (33h 15m after Collected)
2. Name: Da-Dong Electric Wire & Cable Co., Ltd. 1st Unsecured Bond
3. Shelf Registration: No
4. Total Issuance: NT$2,000,000,000
5. Face Value: NT$100,000 per unit
6. Issuance Price: 100.5% of face value
7. Term: 3 years
8. Coupon Rate: 0%
9. Collateral: N/A
10. Use of Proceeds: Repayment of bank loans and working capital
11. Underwriting Method: Inquiry-based public offering
12. Trustee: Taichung Commercial Bank
13. Underwriter: Cathay Securities Corp.
14. Guarantor: N/A
15. Paying Agent: KGI Securities
16. Certification: N/A
17-21. Conversion Terms: To be determined by the Chairman based on market conditions and announced separately.
22. Other: The Chairman is authorized to handle all matters related to this issuance.
FAQ
What is the purpose of Da-Dong Electric's bond issuance?
To repay bank loans and supplement working capital.
What are the key facts in this article?
Da-Dong Electric announced on May 29, 2026, that its board has approved the issuance of its first domestic unsecured convertible bonds totaling NT$2 billion. The bonds have a 3-year term and a 0% coupon rate. Proceeds will be used to repay bank loans and bolster working capital.
What is the direct answer?
Da-Dong Electric announced on May 29, 2026, that its board has approved the issuance of its first domestic unsecured convertible bonds totaling NT$2 billion. The bonds have a 3-year term and a 0% coupon rate. Proceeds will be used to repay bank loans and bolster working capital.