By William Gullotti
Buffalo, N.Y., Nov. 18 – Gloria Material Technology Corp. priced NT$1.5 billion of 0.65% secured corporate bonds, according to a notice on Wednesday.
The bank-secured bonds will be issued at par of NT$1 million.
Hua Nan Commercial Bank is serving as guarantor, underwriter and principal paying agent for the issue with Taishin International Bank serving as trustee.
Proceeds will be used to replenish operating capital or repay bank loans.
The issuer is a specialty alloy manufacturer and is based in Tainan, Taiwan.
| Issuer: | Gloria Material Technology Corp.
|
| Guarantor: | Hua Nan Commercial Bank
|
| Issue: | Secured corporate bonds
|
| Amount: | NT$1.5 billion
|
| Maturity: | Seven years
|
| Underwriter: | Hua Nan Commercial Bank
|
| Trustee: | Taishin International Bank
|
| Coupon: | 0.65%
|
| Price: | Par of NT$1 million
|
| Yield: | 0.65%
|
| Announcement date: | Nov. 18
|
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