By Marisa Wong
Morgantown, W.Va., July 9 – Taiwan’s Far Eastern New Century Corp. priced NT$8 billion of five-year bonds at par to yield 0.9%, according to a Taiwan Stock Exchange notice.
Yuanta Securities Co. Ltd. is the underwriter.
Proceeds from the public offering will be used to repay short-term loans or a portion of long-term liabilities and to provide cash for medium- and long-term financing needs and overall to improve the company’s financial structure.
Far Eastern is a Taipei-based textile company.
| Issuer: | Far Eastern New Century Corp.
|
| Issue: | Corporate bonds, 2018 second issue
|
| Amount: | NT$8 billion
|
| Maturity: | Five years
|
| Underwriter: | Yuanta Securities Co. Ltd.
|
| Coupon: | 0.9%
|
| Price: | Par
|
| Yield: | 0.9%
|
| Announcement date: | July 9
|
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