By Rebecca Melvin
Concord, N.H., April 9 – Da-Li Development Co. Ltd. priced up to NT$10 billion of five-year secured bonds with a 0.55% coupon, which will be issued at par, according to an announcement.
The notes are guaranteed by Agricultural Bank of Taiwan, and the proceeds will be used to repay a financial institution loan.
Taiwan Cooperative Securities is the underwriter of the transaction, which is the first secured corporate bond issued by Da-Li Development.
The construction and development business is based in Taipei, Taiwan.
| Issuer: | Da-Li Development Co. Ltd.
|
| Guarantor: | Agricultural Bank of Taiwan
|
| Issue: | Secured bonds
|
| Amount: | Up to NT$10 billion
|
| Maturity: | Five years
|
| Bookrunner: | Taiwan Cooperative Securities
|
| Coupon: | 0.55%
|
| Price: | Par of NT$1 million
|
| Pricing date: | April 9
|
© 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.
