By Marisa Wong
Los Angeles, Aug. 13 – Highwealth Construction Corp. priced NT$3 billion of five-year secured corporate bonds at par with a coupon of 0.55%, according to a notice.
Bank Taiwan Securities Co., Ltd. is the underwriter.
The bonds are callable three years from the issue date.
Proceeds will be used to repay bank loans and to repay the company’s secured corporate bonds issued in 2016.
Based in Taipei City, Taiwan, Highwealth develops and sells residential and commercial buildings.
| Issuer: | Highwealth Construction Corp.
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| Issue: | Secured corporate bonds
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| Amount: | NT$3 billion
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| Maturity: | Five years
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| Bookrunner: | Bank Taiwan Securities Co., Ltd.
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| Coupon: | 0.55%
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| Price: | Par
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| Yield: | 0.55%
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| Call option: | Three years from the issue date
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| Announcement date: | Aug. 13
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