By Marisa Wong
Morgantown, W.Va., June 14 – Prince Housing & Development Corp. priced NT$2 billion of five-year secured corporate bonds at par to yield 1.05%, according to a Taiwan Stock Exchange notice.
BankTaiwan Securities is the underwriter.
The company’s board of directors approved the issuance of up to NT$5 billion of five-year corporate bonds in March.
Proceeds from this first tranche of 2017 will be used to repay the company’s 2012 first issue secured bonds.
The housing construction and real estate development company is based in Taipei, Taiwan.
| Issuer: | Prince Housing & Development Corp.
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| Issue: | Secured corporate bonds
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| Amount: | NT$2 billion
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| Maturity: | Five years
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| Coupon: | 1.05%
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| Price: | Par
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| Yield: | 1.05%
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| Underwriter: | BankTaiwan Securities
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| Call option: | No
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| Put option: | No
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| Pricing date: | June 12
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