By Marisa Wong
Morgantown, W.Va., Sept. 11 – Yang Ming Marine Transportation Corp. priced NT$4 billion of five-year bonds at par to yield 1.1%, according to a Taiwan Stock Exchange announcement.
This is the company’s 17th issue of secured straight bonds.
Proceeds will be used to refinance the company’s domestic bonds.
The ocean shipping company is based in Keelung, Taiwan.
| Issuer: | Yang Ming Marine Transportation Corp.
|
| Issue: | Secured straight bonds
|
| Amount: | NT$4 billion
|
| Maturity: | Five years
|
| Coupon: | 1.1%
|
| Price: | Par
|
| Yield: | 1.1%
|
| Announcement date: | Sept. 11
|
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