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According to documents, Lianhua Electronics is seeking to raise 1.8 billion US dollars by issuing double-term convertible bonds. According to the terms, the first installment of the US$900 million bond will expire in 2028, providing a conversion premium of 17.50% to 22.50% based on Monday's closing price of NT$152.50. The second installment of the $900 million bond will expire in 2031, and the conversion premium rate is set at 32.50% to 37.50%. Both installments are zero-coupon bonds.
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According to documents, Lianhua Electronics is seeking to raise 1.8 billion US dollars by issuing double-term convertible bonds. According to the terms, the first installment of the US$900 million bond will expire in 2028, providing a conversion premium of 17.50% to 22.50% based on Monday's closing price of NT$152.50. The second installment of the $900 million bond will expire in 2031, and the conversion premium rate is set at 32.50% to 37.50%. Both installments are zero-coupon bonds.
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