By Marisa Wong
Morgantown, W.Va., Dec. 21 – EVA Airways Corp. priced NT$8.5 billion of domestic secured corporate bonds, according to a Taiwan Stock Exchange announcement.
The five-year bonds were priced at par with a coupon of 1.07%.
Capital Securities Corp. is the lead underwriter for the public offering.
Bank of Taiwan, Hua Nan Commercial Bank, Ltd., Mega International Commercial Bank Co., Ltd., Chang Hwa Commercial Bank, Ltd., Taiwan Cooperation Bank Co., Ltd. and Shanghai Commercial & Savings Bank, Ltd. are the guarantors.
The Taoyuan City, Taiwan-based airline first proposed the bonds in November.
Proceeds will be used to repay borrowings and to improve the company’s financial structure.
| Issuer: | EVA Airways Corp.
|
| Guarantors: | Bank of Taiwan, Hua Nan Commercial Bank, Ltd., Mega International Commercial Bank Co., Ltd., Chang Hwa Commercial Bank, Ltd., Taiwan Cooperation Bank Co., Ltd. and Shanghai Commercial & Savings Bank, Ltd.
|
| Issue: | Domestic secured corporate bonds
|
| Amount: | NT$8.5 billion
|
| Maturity: | Five years
|
| Underwriter: | Capital Securities Corp.
|
| Coupon: | 1.07%
|
| Price: | Par
|
| Yield: | 1.07%
|
| Call option: | No
|
| Put option: | No
|
| Announcement date: | Dec. 21
|
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