June 18 Taiwan's Zhen Ding Technology Holding
Limited will issue $300 million worth of convertible
bonds, a source with direct knowledge of the matter told Reuters
The zero coupon bonds will be used to pay down the company's
existing debts and will mature in 2019, said the source who
declined to be identified because the matter is not yet public.
The bonds are set to price on Wednesday and begin trading on
the Singapore Stock Exchange on Thursday.
The company could not immediately be reached for a comment.
Citibank and Bank of America Merrill Lynch are
joint global coordinators on the deal, the source said.
(Reporting By Lawrence White; Editing by Himani Sarkar)