Gold Circuit Electronics (TPE:2368) will exercise its early redemption right for its third domestic unsecured convertible bond, with redemption scheduled for Aug. 20.
The company will redeem the bonds at 100% of face value, according to a Tuesday Taiwan Exchange filing.
The bonds were originally due to mature on Nov. 24, 2030. The company said it is exercising its early redemption right after the outstanding balance fell below 30% of the original issuance.
Bondholders may apply for conversion until Aug. 20, while over-the-counter trading of the bonds will terminate on Aug. 21, it said.
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