By Marisa Wong
Los Angeles, April 13 – Uni-President Enterprises Co. priced NT$4.2 billion of five-year bonds and NT$4.35 billion of seven-year bonds, according to a Taiwan Stock Exchange announcement.
The five-year bonds carry a coupon of 0.56%, and the seven-year bonds will bear interest at 0.59%. Both tranches are priced at par.
Proceeds from the 2020 first issue corporate bonds will be used to repay bank loans and to strengthen the company’s financial structure.
Fubon Securities Co., Ltd. is the lead underwriter.
Uni-President is a Tainan, Taiwan-based packaged foods manufacturer.
| Issuer: | Uni-President Enterprises Co.
|
| Issue: | Corporate bonds, 2020 first issue
|
| Amount: | NT$8.55 billion
|
| Underwriter: | Fubon Securities Co., Ltd.
|
| Announcement date: | April 13
|
|
|
| Five-year bonds
|
| Amount: | NT$4.2 billion
|
| Maturity: | Five years
|
| Coupon: | 0.56%
|
| Price: | Par
|
| Yield: | 0.56%
|
|
|
| Seven-year bonds
|
| Amount: | NT$4.35 billion
|
| Maturity: | Seven years
|
| Coupon: | 0.59%
|
| Price: | Par
|
| Yield: | 0.59%
|
© 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.
