By Marisa Wong
Morgantown, W.Va., June 15 – Wan Hai Lines Ltd. priced NT$2.1 billion of five-year bonds at par to yield 1.55%, according to a Taiwan Stock Exchange announcement.
In April the company’s board of directors approved the issuance of up to NT$4.5 billion of corporate bonds for 2017, as previously announced.
Yuanta Securities Corp. is the lead underwriter for the first-tranche bonds.
Proceeds will be used to repay debt and to strengthen the company’s financial structure.
The shipping company is based in Taipei, Taiwan.
| Issuer: | Wan Hai Lines Ltd.
|
| Issue: | Corporate bonds, 2017 first issue
|
| Amount: | NT$2.1 billion
|
| Maturity: | Five years
|
| Underwriter: | Yuanta Securities Corp.
|
| Coupon: | 1.55%
|
| Price: | Par
|
| Yield: | 1.55%
|
| Announcement date: | June 15
|
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