By Marisa Wong
Morgantown, W.Va., April 30 – Far EasTone Telecommunications Co., Ltd. sold NT$5 billion of domestic corporate bonds in two tranches, according to a Taiwan Stock Exchange announcement.
The company priced NT$1.5 billion of five-year bonds at par to yield 0.85% and NT$3.5 billion of seven-year bonds at par to yield 1.01%.
KGI Securities Co., Ltd. is the lead underwriter.
Proceeds will be used to repay short-term debt and to strengthen the company’s financial structure.
This is the Taipei, Taiwan-based telephone company’s first issue of corporate bonds for 2018.
| Issuer: | Far EasTone Telecommunications Co., Ltd.
|
| Issue: | Domestic corporate bonds, 2018 third issue
|
| Amount: | NT$5 billion
|
| Underwriter: | KGI Securities Co., Ltd.
|
| Announcement date: | April 30
|
|
|
| Five-year bonds
|
| Amount: | NT$1.5 billion
|
| Maturity: | Five years
|
| Coupon: | 0.85%
|
| Price: | Par
|
| Yield: | 0.85%
|
|
|
| Seven-year bonds
|
| Amount: | NT$3.5 billion
|
| Maturity: | Seven years
|
| Coupon: | 1.01%
|
| Price: | Par
|
| Yield: | 1.01%
|
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