By Marisa Wong
Madison, Wis., June 24 – Yang Ming Marine Transportation Corp. priced NT$3.85 billion of five-year bonds at par to yield 2.2%, according to a Taiwan Stock Exchange announcement.
This is the company’s third issue of straight bonds.
Proceeds will be used to increase working capital and repay a bank loan.
The ocean shipping company is based in Keelung, Taiwan.
| Issuer: | Yang Ming Marine Transportation Corp.
|
| Issue: | Straight bonds
|
| Amount: | NT$3.85 billion
|
| Maturity: | Five years
|
| Coupon: | 2.2%
|
| Price: | Par
|
| Yield: | 2.2%
|
| Announcement date: | June 24
|
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