According to Public Information Observation Post, Chyi Materials Corp's board approved the issuance of unsecured convertible bonds for the first time domestically on November 13. The maximum issuance amount is set at TWD 15 billion, with a five-year term and 0% coupon rate. Each bond unit has a face value of TWD 100,000 and will be priced at 100.5%-101% of par value. Proceeds will be used for purchasing machinery and equipment as well as repaying bank loans. Details regarding conversion prices and buyback conditions will be announced following regulatory approval.

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