By Marisa Wong
Madison, Wis., May 26 - Wan Hai Lines Ltd. said it issued a total of NT$7.5 billion of five- and seven-year straight bonds at par.
The five-year bonds have a coupon of 1.65%, and the seven-year bonds have a coupon of 1.85%.
Hua Nan Commercial Bank is the trustee for the bonds.
This is the company's first issue of straight bonds in 2011.
Proceeds will be used to purchase containers and vessels.
Wan Hai is a Taipei, Taiwan, container shipping company.
| Issuer: | Wan Hai Lines Ltd.
|
| Issue: | Straight bonds
|
| Amount: | NT$7.5 billion
|
| Announcement date: | May 26
|
|
|
| Five-year bonds
|
| Maturity: | Five years
|
| Coupon: | 1.65%
|
| Price: | Par
|
| Yield: | 1.65%
|
|
|
| Seven-year bonds
|
| Maturity: | Seven years
|
| Coupon: | 1.85%
|
| Price: | Par
|
| Yield: | 1.85%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
