By Mary-Katherine Stinson
Lexington, Ky., June 2 – China Steel Corp.’s subsidiary, Dragon Steel Corp., announced NT$5 billion of 1.55% three-year bonds with a face value of NT$1 billion per bond, according to an announcement.
The bonds are not discounted and are non-callable.
Fubon Securities Co. Ltd. is the lead underwriter.
Proceeds will be used to repay a loan.
The steel maker is based in Kaohsiung, Taiwan, and its subsidiary is based in Taichung, Taiwan.
| Issuer: | Dragon Steel Corp.
|
| Amount: | NT$5 billion
|
| Issue: | Corporate bonds
|
| Tenor: | Three years
|
| Underwriter: | Fubon Securities Co. Ltd.
|
| Trustee: | Taipei Fubon Commercial Bank Co., Ltd.
|
| Coupon: | 1.55%
|
| Price: | Par
|
| Yield: | 1.55%
|
| Call: | Non-callable
|
| Announcement date: | June 2
|
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