By Marisa Wong
Madison, Wis., July 28 – Wan Hai Lines Ltd. said it issued a total of NT$1.8 billion of five- and seven-year straight corporate bonds at par.
The five-year bonds have a coupon of 1.65%, and the seven-year bonds have a coupon of 1.95%.
Proceeds will be used to increase medium- and long-term operating funds and to strengthen the company’s financial structure.
Wan Hai is a Taipei, Taiwan, container shipping company.
| Issuer: | Wan Hai Lines Ltd.
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| Issue: | Straight corporate bonds
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| Amount: | NT$1.8 billion
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| Announcement date: | July 28
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|
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| Five-year bonds
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| Maturity: | Five years
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| Coupon: | 1.65%
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| Price: | Par
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| Yield: | 1.65%
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|
|
| Seven-year bonds
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| Maturity: | Seven years
|
| Coupon: | 1.95%
|
| Price: | Par
|
| Yield: | 1.95%
|
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