Iron Force Industrial Co., Ltd. (TSEC:2228) announced a private placement of 3,000 first series domestic unsecured convertible corporate bonds at TWD 100,000 per bond for gross proceeds of TWD 300,000,000 on April 9, 2015. The zero coupon bonds will be issued at par and will mature after three years.

On May 18, 2015, the company announced that the bonds will be convertible into common shares at TWD 135.5 per share.