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FINWIRES

Delpha Construction to Raise Up to NT$900 Million via Bond Issue

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Delpha Construction (TPE:2530) approved the issue of its fifth domestic unsecured convertible bonds, targeting up to NT$900 million, according to a Monday Taiwan Exchange filing.

The bonds will have a three-year tenor and carry a 0% coupon rate, with a tentative minimum issue price set at not less than 100% of face value.

Final issuance size will be determined through a competitive auction process, according to the statement.

Proceeds from the offering will be used to strengthen working capital, the company said.

The bonds will be underwritten via public auction, with Taiwan Cooperative Bank acting as trustee and Taishin Securities as underwriter.

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