By William Gullotti
Buffalo, N.Y., Sept. 25 – Nan Ya Plastics Corp. sold NT$13 billion of unsecured corporate bonds in two tranches, according to a company announcement on Monday.
Tranche A totals NT$7.1 billion, carrying a 1.57% fixed coupon and with a five-year tenor.
Tranche B has a tenor of 10 years, issued in a total of NT$5.9 billion with a 1.77% coupon.
Each tranche was priced at par of NT$1 million.
Yuanta Securities Co., Ltd. is the lead underwriter.
Proceeds will be used to pay off loans.
As previously reported Nov. 9, 2022, the company’s directors initially approved offering up to NT$18 billion of the bonds.
The plastics manufacturer is based in Taipei, Taiwan.
| Issuer: | Nan Ya Plastics Corp.
|
| Amount: | NT$13 billion
|
| Issue: | Corporate bonds
|
| Lead underwriter: | Yuanta Securities Co., Ltd.
|
| Trustee: | ChinaTrust Commercial Bank Co., Ltd.
|
| Announcement date: | Sept. 25
|
|
|
| Tranche A
|
| Amount: | NT$7.1 billion
|
| Tenor: | Five years
|
| Coupon: | 1.57%
|
| Price: | Par of NT$1 million
|
| Yield: | 1.57%
|
|
|
| Tranche B
|
| Amount: | NT$5.9 billion
|
| Tenor: | 10 years
|
| Coupon: | 1.77%
|
| Price: | Par of NT$1 million
|
| Yield: | 1.77%
|
|
|
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