ProMOS offers to buy back bonds, but says it has not enough money

Josephine Lien, Taipei; Jessie Shen, DIGITIMES Asia Friday 20 February 2009 0

ProMOS Technologies has announced an offer to buy back US$335 million worth of convertible bonds (CBs), but maintained that it will only have less than NT$3 billion (US$8.66 million) from a syndicated bank loan for redeeming the bonds.

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