Taiwan Chinsan Electronic Industrial Co., Ltd. (GTSM:8042) announced a private placement of 5,000 fourth series domestic unsecured convertible corporate bonds at TWD 100,000 for gross proceeds of TWD 500 million on November 14, 2014. The bonds will be issued at its par value. The bonds will mature in three years to five years and will carry an interest rate of 0%.

The company did not decide upon the underwriters for the transaction.