[ESMT] Board Resolution on Issuance of Domestic 2nd Secured Convertible Bonds
ESMT resolved to issue domestic secured convertible bonds with a total face value of up to 2 billion TWD.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 25, 2026 at 05:50 (45h 50m after Collected)
1. Date of Board Resolution: 2026/05/22
2. Name: Elite Semiconductor Microconsulting Inc. Domestic 2nd Secured Convertible Bonds
3. Whether Shelf Registration is Adopted: No
4. Total Issuance Amount: Up to 2 billion TWD
5. Par Value per Bond: 100,000 TWD
6. Issuance Price: Minimum 102% of face value; actual amount determined by auction results.
7. Tenor: 3 years
8. Coupon Rate: 0%
9. Collateral: Bank guarantee as per agreement.
10. Purpose of Proceeds: Repayment of bank loans and replenishment of operating capital.
11. Underwriting Method: Public offering via auction.
12. Trustee: KGI Bank
13. Underwriter: KGI Securities
14. Guarantor: Taipei Fubon Bank
15. Payment Agent: Capital Securities Corp.
16. Auditor: N/A
17-21. Conversion, Put/Call options: To be determined in accordance with regulations and announced separately upon regulatory approval.
22. Other: Upon regulatory approval, the Chairperson is authorized to set the issuance date and apply for OTC listing.
2. Name: Elite Semiconductor Microconsulting Inc. Domestic 2nd Secured Convertible Bonds
3. Whether Shelf Registration is Adopted: No
4. Total Issuance Amount: Up to 2 billion TWD
5. Par Value per Bond: 100,000 TWD
6. Issuance Price: Minimum 102% of face value; actual amount determined by auction results.
7. Tenor: 3 years
8. Coupon Rate: 0%
9. Collateral: Bank guarantee as per agreement.
10. Purpose of Proceeds: Repayment of bank loans and replenishment of operating capital.
11. Underwriting Method: Public offering via auction.
12. Trustee: KGI Bank
13. Underwriter: KGI Securities
14. Guarantor: Taipei Fubon Bank
15. Payment Agent: Capital Securities Corp.
16. Auditor: N/A
17-21. Conversion, Put/Call options: To be determined in accordance with regulations and announced separately upon regulatory approval.
22. Other: Upon regulatory approval, the Chairperson is authorized to set the issuance date and apply for OTC listing.
FAQ
What are the features of the bond being issued by ESMT?
It is a secured convertible bond with pricing determined via auction, reflecting market demand.
Will this issuance affect shareholders?
The conversion feature may lead to equity dilution if bondholders exercise their rights in the future.
What are the next steps for the issuance?
Following regulatory approval, the issuance date will be set, and application will be made for counter trading.