Allis Electric (TPE:1514) will early redeem its first domestic secured convertible bond, with trading on the OTC market ending on April 8.
The redemption period runs from March 7 to April 7, at 100% of par value, according to a Friday Taiwan Exchange filing.
Bondholders must convert their bonds into stocks by April 9, or the heavy electrical equipment manufacturer will redeem them at NT$100,000 per bond, it said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.