By Marisa Wong
Morgantown, W.Va., May 18 – Yuanta Financial Holding Co., Ltd. priced NT$15 billion of bonds in three tranches, according to a Taiwan Stock Exchange notice.
The company priced NT$3 billion of 0.6% two-year tranche A bonds, NT$4 billion of 0.8% five-year tranche B bonds and NT$8 billion of 1% seven-year tranche C bonds.
All three tranches were priced at par.
Yuanta Securities Co., Ltd. is the underwriter.
This is the company’s first issue of corporate bonds for 2016.
Proceeds will be used to repay bank loans and commercial paper that were borrowed or issued for mergers and acquisitions.
The financial services company is based in Taipei, Taiwan.
| Issuer: | Yuanta Financial Holding Co., Ltd.
|
| Issue: | Corporate bonds, 2016 first issue
|
| Amount: | NT$15 billion
|
| Underwriter: | Yuanta Securities Co., Ltd.
|
| Announcement date: | May 18
|
|
|
| Tranche A
|
| Amount: | NT$3 billion
|
| Maturity: | Two years
|
| Coupon: | 0.6%
|
| Price: | Par
|
| Yield: | 0.6%
|
|
|
| Tranche B
|
| Amount: | NT$4 billion
|
| Maturity: | Five years
|
| Coupon: | 0.8%
|
| Price: | Par
|
| Yield: | 0.8%
|
|
|
| Tranche C
|
| Amount: | NT$8 billion
|
| Maturity: | Seven years
|
| Coupon: | 1%
|
| Price: | Par
|
| Yield: | 1%
|
© 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.
