Chicago, Sept. 14 – Asia Cement Corp. priced NT$6.2 billion of corporate bonds in two parts, according to a company announcement.
Tranche A is for NT$4 billion of 0.65% five-year notes and tranche B is for NT$2.2 billion of 0.73% seven-year notes.
The notes were issued at par.
Masterlink Securities Co., Ltd. worked as the underwriter.
Proceeds will be used to repay debt, fulfill mid- to long-term operating capital or strengthen the company’s financial structure.
The issuer is a Taipei, Taiwan-based cement producer.
| Issuer: | Asia Cement Corp.
|
| Issue: | Corporate bonds
|
| Amount: | NT$6.2 billion
|
| Bookrunner: | Masterlink Securities Co., Ltd.
|
| Trustee: | Chinatrust Commercial Bank
|
| Call option: | No
|
| Put option: | No
|
| Announcement date: | Sept. 14
|
|
|
| Tranche A
|
| Amount: | NT$4 billion
|
| Maturity: | Five years
|
| Coupon: | 0.65%
|
| Price: | Par
|
| Yield: | 0.65%
|
|
|
| Tranche B
|
| Amount: | NT$2.2 billion
|
| Maturity: | Seven years
|
| Coupon: | 0.73%
|
| Price: | Par
|
| Yield: | 0.73%
|
|
|
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