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Taiwan’s Eternal Materials may sell up to NT$3.5 billion of bonds
Chicago, March 11 – Eternal Materials Co., Ltd. obtained board approval to sell up to NT$3.5 billion of secured corporate bonds, according to a Friday notice.
The notes may be sold at par with a tenor of up to five years.
The fixed-rate bonds will be used to repay a bank loan.
CIBC Bank will be the trustee.
E. Sun Commercial bank, Ltd. is working as the underwriter.
E.Sun Commercial Bank, Ltd. will guarantee the issue and Bank of Taiwan will be the bookrunner for the joint guarantors.
Eternal Materials manufactures resin materials, electronic materials and other specialty chemicals. The company is based in Kaohsiung, Taiwan.
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