By Mary-Katherine Stinson
Lexington, Ky., Dec. 1 – China Steel Corp.’s wholly owned subsidiary Dragon Steel Corp. issued NT$4.5 billion of 1.79% ordinary corporate bonds at par, according to a notice.
Taishin International Bank Co., Ltd. is the lead manager.
Taipei Fubon Commercial Bank Co., Ltd. is the trustee.
Proceeds will be used to repay loans.
The steel maker is based in Taichung, Taiwan. Its original name was Kuei-Yi Industrial Co., Ltd.
| Issuer: | Dragon Steel Corp.
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| Issue: | Corporate bonds, 2023 second issue
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| Amount: | NT$4.5 billion
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| Tenor: | Five years
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| Manager: | Taishin International Bank Co., Ltd.
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| Trustee: | Taipei Fubon Commercial Bank Co., Ltd.
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| Coupon: | 1.79%
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| Price: | Par of NT$1 million each
|
| Yield: | 1.79%
|
| Announcement date: | Dec. 1
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