By Marisa Wong
Los Angeles, April 9 – Asia Cement Corp. priced NT$7.7 billion of five-year bonds at par to yield 0.66%, according to a Taiwan Stock Exchange announcement.
Yuanta Securities Co., Ltd. is the underwriter.
In March the company said its board of directors approved the issuance of up to NT$20 billion of corporate bonds with maturities of up to 10 years. This is the company’s first tranche for 2020.
The Taipei, Taiwan-based cement producer will use proceeds from the public offering to repay loans, fulfill mid- to long-term operating capital and strengthen its financial structure.
| Issuer: | Asia Cement Corp.
|
| Issue: | Corporate bonds, 2020 first issue
|
| Amount: | NT$7.7 billion
|
| Maturity: | Five years
|
| Bookrunner: | Yuanta Securities Co., Ltd.
|
| Coupon: | 0.66%
|
| Price: | Par
|
| Yield: | 0.66%
|
| Call option: | No
|
| Put option: | No
|
| Announcement date: | April 9
|
© 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.
