By Marisa Wong
Madison, Wis., May 2 - Asia Cement Co. priced NT$8 billion of five-year corporate bonds at par to yield 1.36%, according to a Taiwan Stock Exchange notice.
This is the company's first issue of corporate bonds for 2014.
Proceeds from the non-underwritten offering will be used to repay loans, to fulfill mid- to long-term operating capital and to strengthen the company's financial structure.
The cement manufacturer is based in Taipei, Taiwan.
| Issuer: | Asia Cement Co.
|
| Issue: | Corporate bonds
|
| Amount: | NT$8 billion
|
| Maturity: | Five years
|
| Coupon: | 1.36%
|
| Price: | Par
|
| Yield: | 1.36%
|
| Announcement date: | May 2
|
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