By Marisa Wong
Madison, Wis., June 13 - China Steel Corp. said it issued a total of NT$19.6 billion of corporate bonds in three tranches.
The company priced NT$6.3 billion of seven-year bonds with a coupon of 1.44%, NT$9.7 billion of 10-year bonds with a 1.6% coupon and NT$3.6 billion of 15-year bonds with a 1.88% coupon. All three tranches priced at par.
Proceeds will be used to increase working capital.
The steel maker is based in Kaohsiung, Taiwan.
| Issuer: | China Steel Corp.
|
| Issue: | Corporate bonds
|
| Amount: | NT$19.6 billion
|
| Announcement date: | June 13
|
|
|
| Seven-year bonds
|
| Amount: | NT$6.3 billion
|
| Maturity: | Seven years
|
| Coupon: | 1.44%
|
| Price: | Par
|
| Yield: | 1.44%
|
|
|
| 10-year bonds
|
| Amount: | NT$9.7 billion
|
| Maturity: | 10 years
|
| Coupon: | 1.6%
|
| Price: | Par
|
| Yield: | 1.6%
|
|
|
| 15-year bonds
|
| Amount: | NT$3.6 billion
|
| Maturity: | 15 years
|
| Coupon: | 1.88%
|
| Price: | Par
|
| Yield: | 1.88%
|
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