Chicago, June 6 – Prince Housing & Development Corp. announced a new issue of secured corporate bonds.
The company will publicly sell NT$2.5 billion of 1.54% five-year bonds at par.
Proceeds will be used to repay the company’s bonds issued in 2018.
Bank of Taiwan will serve as guarantor.
The housing construction and real estate development company is based in Taipei, Taiwan.
| Issuer: | Prince Housing & Development Corp.
|
| Guarantor: | Bank of Taiwan
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| Amount: | NT$2.5 billion
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| Issue: | Secured corporate bonds
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| Tenor: | Five years
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| Trustee: | CTBC Bank Co., Ltd.
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| Coupon: | 1.54%
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| Price: | Par of NT$1 million
|
| Yield: | 1.54%
|
| Call features: | Non-callable
|
| Announcement date: | June 6
|
| Distribution: | Public
|
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