Published on 2/26/2019 in the Prospect News Convertibles Daily.
New Issue: First Steamship issues $50 million three-year currency-linked convertible bonds
By Abigail W. Adams
Portland, Me., Feb. 26 – First Steamship Co., Ltd. issued $50 million in three-year currency-linked credit enhanced convertible bonds with a coupon of 0%, according to a listing announcement on the Singapore Exchange Ltd.
Hongkong and Shanghai Banking Corp. Ltd. was bookrunner for the offering.
First Steamship is a Taiwan-based sea transportation company.
| Issuer: | First Steamship Co., Ltd.
|
| Securities: | Currency-linked credit-enhanced convertible bonds
|
| Amount: | $50 million
|
| Maturity: | Jan. 19, 2022
|
| Bookrunners: | Hongkong and Shanghai Banking Corp. Ltd.
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| Coupon: | 0%
|
| Settlement date: | Feb. 26
|
| Stock symbol: | TPE: 2601
|
| Market capitalization: | NT7.62 billion
|
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