By Marisa Wong
Morgantown, W.Va., Dec. 29 – Far Eastern New Century Corp. priced a NT$3 billion issue of five-year corporate bonds with a 0.95% coupon at par, according to a Taiwan Stock Exchange notice.
KGI Securities Co. Ltd. is the underwriter.
Proceeds will be used to pay for capital expenditures relating to resource recycling, energy conservation or green-related equipment.
Far Eastern is a Taipei, Taiwan-based textile company.
| Issuer: | Far Eastern New Century Corp.
|
| Issue: | Corporate bonds, 2017 second issue
|
| Amount: | NT$3 billion
|
| Maturity: | Five years
|
| Underwriter: | KGI Securities Co. Ltd.
|
| Coupon: | 0.95%
|
| Price: | Par
|
| Yield: | 0.95%
|
| Call option: | None
|
| Put option: | None
|
| Announcement date: | Dec. 29
|
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