CMC Magnetics and Ritek, will each float unsecured ECBs (euro convertible bonds) worth US$200 million in order to procure manufacturing equipment for Blu-ray and/or HD-DVD discs, while also bolstering their finances, according to the DigiTimes.

CMC’s ECBs will be for five years at zero interest, whereas Ritek has not yet determined the period and interest rate for its ECBs. In addition to ECBs, CMC plans to apply for a syndicated loan worth NT$6.0 billion (US$182 million) from banks in Taiwan.

Prodisc Technology and Optodisc Technology, two other leading manufacturers of optical discs in Taiwan, are raising additional capital of NT$2.0 billion (US$60.7 million) and NT$1.0 billion (US$30.4 million), respectively, from target investors by issuing new shares.

Source: DigiTimes

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