By Rebecca Melvin
New York, Sept. 15 – Nan Ya Plastics Corp. priced NT$10 billion of unsecured corporate bonds in three tranches, according to a company announcement on Tuesday.
A NT$3.2 billion five-year tranche (tranche A) priced with a 0.49% coupon.
A NT$3.8 billion seven-year tranche (tranche B) priced with a 0.58% coupon.
And a NT$3 billion 10-year tranche (tranche C) priced with a 0.62% coupon.
The proceeds will be used to pay off loans.
Fubon Securities Co. Ltd. was the lead underwriter for the issuance, which represents the Taipei, Taiwan-based plastic maker’s first corporate bonds issue for 2020. The company announced in March plans to issue up to NT$10 billion of bonds.
| Issuer: | Nan Ya Plastics Corp.
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| Issue: | Corporate bonds
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| Amount: | NT$10 billion
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| Lead underwriter: | Fubon Securities Co. Ltd.
|
| Announcement date: | Sept. 15
|
|
|
| Five-year tranche
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| Amount: | NT$3.2 billion
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| Maturity: | Five years
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| Coupon: | 0.49%
|
|
|
| Seven-year tranche
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| Amount: | NT$3.8 billion
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| Maturity: | Seven years
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| Coupon: | 0.58%
|
|
|
| 10-year tranche
|
| Amount: | NT$3 billion
|
| Maturity: | 10 years
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| Coupon: | 0.62%
|
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