By Marisa Wong
Madison, Wis., Oct. 20 - Nan Ya Plastics (Hong Kong) Corp. Ltd. priced $400 million of guaranteed corporate bonds due Oct. 26, 2015 at par to yield Libor plus 80 basis points, according to a news release.
The bonds are guaranteed by parent company Nan Ya Plastics Corp.,
The bonds were issued at par of $100,000.
Mizuho International plc and Mitsubishi UFJ Securities International plc are the underwriters.
The Taipei, Taiwan-based company manufactures plastics, petrochemical raw materials, fibers and electronic materials.
Issuer: | Nan Ya Plastics (Hong Kong) Corp. Ltd.
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Issue: | Guaranteed corporate bonds
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Guarantor: | Nan Ya Plastics Corp.
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Amount: | $400 million
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Maturity: | Oct. 26, 2015
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Underwriters: | Mizuho International plc and Mitsubishi UFJ Securities International plc
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Coupon: | Libor plus 80 bps
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Price: | Par of $100,000
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Yield: | Libor plus 80 bps
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Announcement date: | Oct. 19
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Settlement date: | Oct. 26
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