New Issue: Taiwan’s Evergreen Marine sells NT$8 billion 1.05% five-year secured bonds at par

By Marisa Wong

Morgantown, W.Va., April 18 – Evergreen Marine Corp. said it priced NT$8 billion of five-year bonds at par with a coupon of 1.05%.

This is the company’s 13th issue of domestic secured corporate bonds. The bonds are guaranteed by Hua Nan Commercial Bank, Ltd., First Commercial Bank, Mega International Commercial Bank Co., Ltd., Land Bank of Taiwan, Chang Hwa Commercial Bank, Ltd., Taiwan Cooperative Bank and Bank Sinopac Co., Ltd.

SinoPac Securities Corp. is the lead manager.

Proceeds will be used to repay existing debt and to improve the company’s financial structure.

Evergreen Marine is a container freight shipping company based in Luzhu, Taiwan.

Issuer:	Evergreen Marine Corp.
Guarantors:	Hua Nan Commercial Bank, Ltd., First Commercial Bank, Mega International Commercial Bank Co., Ltd., Land Bank of Taiwan, Chang Hwa Commercial Bank, Ltd., Taiwan Cooperative Bank and Bank Sinopac Co., Ltd.
Issue:	Domestic secured corporate bonds, 13th issue
Amount:	NT$8 billion
Maturity:	Five years
Manager:	SinoPac Securities Corp.
Coupon:	1.05%
Price:	Par
Yield:	1.05%
Announcement dates:	March 30, April 18

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.