Thunder Power Co., Ltd. (GTSM:4529) announced a private placement of convertible corporate bonds of for proceeds of up to TWD 600 million and up to 10,000,000 common shares on May 12, 2015. The bonds have a par value of TWD 100,000 and issue price is yet to be decided. The tentative interest rate is 0% and maturity period is yet to be decided.