By Marisa Wong
Morgantown, W.Va., Nov. 14 – Fubon Financial Holding Co. announced it priced NT$2.2 billion of fixed-rate bonds in two tranches.
The company priced NT$700 million of five-year tranche A notes at par with a coupon of 0.85% and NT$1.5 billion of seven-year tranche B notes at par with a coupon of 0.95%.
Fubon Securities Co., Ltd. is the underwriter.
This is the company’s second issue of corporate bonds for 2018. The company had announced in June plans to issue up to NT$20 billion of corporate bonds for the year. The first tranche, totaling NT$10 billion, was issued in August.
Proceeds from the public offering will be used to adjust the company’s financial structure and repay debt.
Fubon Financial is a financial services company based in Taipei, Taiwan.
| Issuer: | Fubon Financial Holding Co.
|
| Issue: | Corporate bonds, 2018 second issue
|
| Amount: | NT$2.2 billion
|
| Underwriter: | Fubon Securities Co., Ltd.
|
| Announcement date: | Nov. 14
|
|
|
| Tranche A
|
| Amount: | NT$700 million
|
| Maturity: | Five years
|
| Coupon: | 0.85%
|
| Price: | Par
|
| Yield: | 0.85%
|
|
|
| Tranche B
|
| Amount: | NT$1.5 billion
|
| Maturity: | Seven years
|
| Coupon: | 0.95%
|
| Price: | Par
|
| Yield: | 0.95%
|
|
|
© 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.
