By Marisa Wong
Morgantown, W.Va., May 30 – Yuanta Financial Holding Co., Ltd. priced NT$8.5 billion of corporate bonds in two tranches, according to a Taiwan Stock Exchange notice.
The issue includes NT$2.2 billion of seven-year tranche A notes and NT$6.3 billion of 10-year tranche B notes.
The tranche A notes carry a coupon of 1¼%, and the tranche B notes bear interest at 1.4%. Both tranches were priced at par.
This is the company’s first issue of corporate bonds for 2019.
Proceeds will be used to improve the company’s financial structure, to acquire equity in Yuanta Securities Finance Co., Ltd. or to repay bank loans.
The financial services company is based in Taipei, Taiwan.
| Issuer: | Yuanta Financial Holding Co., Ltd.
|
| Issue: | Corporate bonds, 2019 first issue
|
| Amount: | NT$8.5 billion
|
| Announcement date: | May 30
|
|
|
| Tranche A
|
| Amount: | NT$2.2 billion
|
| Maturity: | Seven years
|
| Coupon: | 1¼%
|
| Price: | Par
|
| Yield: | 1¼%
|
|
|
| Tranche B
|
| Amount: | NT$6.3 billion
|
| Maturity: | 10 years
|
| Coupon: | 1.4%
|
| Price: | Par
|
| Yield: | 1.4%
|
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