By Marisa Wong
Morgantown, W.Va., March 27 – Shin Kong Financial Holding Co., Ltd. announced it issued NT$5 billion of five-year corporate bonds.
The bonds were priced at par to yield 1¼%.
MasterLink Securities is the underwriter.
This is the company’s first issue of corporate bonds for 2017.
Proceeds will be used to redeem the company’s 2012 second issue convertible bonds at their maturity and to repay bank loans.
Shin Kong is an investment holding company based in Taipei, Taiwan.
| Issuer: | Shin Kong Financial Holding Co., Ltd.
|
| Issue: | Corporate bonds, 2017 first issue
|
| Amount: | NT$5 billion
|
| Maturity: | Five years
|
| Underwriter: | MasterLink Securities
|
| Coupon: | 1¼%
|
| Price: | Par
|
| Yield: | 1¼%
|
| Settlement date: | March 24
|
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