By Marisa Wong
Morgantown, W.Va., Dec. 5 – Yulon Motor Co., Ltd. priced NT$10 billion of corporate bonds in two tranches, according to a Taiwan Stock Exchange notice.
The company priced NT$7 billion of five-year bonds at par to yield 1.04% and NT$3 billion of seven-year bonds at par to yield 1.17%.
KGI Securities Co. Ltd. is the lead underwriter.
Proceeds will be used to repay debt and replenish working capital.
Yulon is an automaker based in Miaoli, Taiwan.
| Issuer: | Yulon Motor Co., Ltd.
|
| Issue: | Corporate bonds, 2017 first issue
|
| Amount: | NT$10 billion
|
| Underwriter: | KGI Securities Co. Ltd.
|
| Announcement date: | Dec. 5
|
|
|
| Five-year bonds
|
| Amount: | NT$7 billion
|
| Maturity: | Five years
|
| Coupon: | 1.04%
|
| Price: | Par
|
| Yield: | 1.04%
|
|
|
| Seven-year bonds
|
| Amount: | NT$3 billion
|
| Maturity: | Seven years
|
| Coupon: | 1.17%
|
| Price: | Par
|
| Yield: | 1.17%
|
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