New York, July 30 – Yuanta Securities Asia Financial Services Ltd. priced $50 million of five-year notes with a 4.1% coupon at par, according to an announcement.
The notes have a make-whole call during the first four years and are then callable at par in the fifth year.
Proceeds will be used to repay bank loans and to improve the issuer’s financial structure.
The notes are non-recourse to Yuanta Financial Holding Co., Ltd.
Yuanta Securities is an internationally focused brokerage subsidiary of Yuanta Financial, a Taipei, Taiwan, financial services company.
| Issuer: | Yuanta Securities Asia Financial Services Ltd.
|
| Issue: | Notes
|
| Amount: | $50 million
|
| Maturity: | Five years
|
| Coupon: | 4.1%
|
| Price: | Par
|
| Call: | Make-whole call during first four years, then at par
|
| Announcement date: | July 30
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
