Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Y > Headlines for Yang Ming Marine Transport Corp. > News item |
Taiwan's Yang Ming Marine board approves up to NT$5 billion bonds
By Lisa Kerner
Charlotte, N.C., April 9 - Yang Ming Marine Transport Corp.'s board of directors approved the 14th issue of secured straight bonds totaling no more than NT$5 billion.
Each bond has a face value of NT$1 million, a 1.42% coupon and a five-year issue period, according to a Yang Ming news release.
Proceeds will be used to refinance the domestic unsecured straight bond coming due in 2011.
Underwriters for the issue include Bank of Taiwan, Cathay United Bank, Taiwan Cooperative Bank, Chinatrust Commercial Bank, Firstbank, Yuantabank, Hua Nan Commercial Bank and Shanghai Commercial & Savings Bank.
Taipei Fubon Bank is the trustee and agent for payment of the principal and interest.
Yang Ming is a Taiwan-based shipping company.
© 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.