By Marisa Wong
Madison, Wis., June 5 – TECO Electric & Machinery Co., Ltd. priced NT$3 billion of five-year corporate bonds at par to yield 1.45%, according to a Taiwan Stock Exchange announcement on Friday.
This is the company’s first issue of corporate bonds for 2015.
Proceeds will be used to repay loans.
The company first proposed the bonds on Nov. 14, 2014.
Based in Taipei, Taiwan, TECO manufactures household appliances, industrial motors and smart cards.
| Issuer: | TECO Electric & Machinery Co., Ltd.
|
| Issue: | Corporate bonds
|
| Amount: | NT$3 billion
|
| Maturity: | Five years
|
| Coupon: | 1.45%
|
| Price: | Par
|
| Yield: | 1.45%
|
| Announcement date: | June 5
|
© 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.
