By Marisa Wong
Madison, Wis., May 3 - Yuanta Financial Holdings Co. announced pricing details of the proposed issue of unsecured corporate bonds previously approved by the company's board of directors.
Yuanta Financial said it will issue NT$10 billion of two kinds of bonds. The company will issue NT$5.5 billion of one type and NT$4.5 billion of the other.
The company said it will issue 1.3% three-year bonds and 1½% five-year bonds.
The bonds are priced at par.
Proceeds will be used to repay other corporate bonds and to fund future mergers and acquisitions.
Formerly Asia Pacific Commercial Bank, Yuanta Commercial Bank is based in Taipei, Taiwan.
| Issuer: | Yuanta Financial Holdings Co.
|
| Issue: | Corporate bonds
|
| Amount: | NT$10 billion (in two issues of NT$5.5 billion and NT$4.5 billion)
|
| Announcement date: | April 26
|
| Pricing date: | May 3
|
|
|
| Three-year bonds
|
| Maturity: | Three years
|
| Coupon: | 1.3%
|
| Price: | Par
|
| Yield: | 1.3%
|
|
|
| Five-year bonds
|
| Maturity: | Five years
|
| Coupon: | 1½%
|
| Price: | Par
|
| Yield: | 1½%
|
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