Chicago, Aug. 20 – Chinese Maritime Transport Ltd. issued NT$2.5 billion of guaranteed bonds in four parts, according to an announcement.
The issue is comprised of NT$1 billion of 0.64% notes, NT$500 million of 0.64% notes, NT$500 million of 0.66% notes and NT$500 million of 0.66% notes, all priced at par with a tenor of five years.
Mega Securities Co., Ltd. is the underwriter.
Proceeds from the public offering will be used to repay short-term borrowings.
The issuer is a Taiwan-based company in the marine transportation business.
| Issuer: | Chinese Maritime Transport Ltd.
|
| Issue: | Guaranteed bonds
|
| Amount: | NT$2.5 billion
|
| Maturity: | Five years
|
| Underwriter: | Mega Securities Co., Ltd.
|
| Trustee: | Taipei Fubon Commercial Bank Co., Ltd.
|
| Announcement date: | Aug. 20
|
| Distribution: | Public
|
|
|
| Part A
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| Guarantor: | Mega International Commercial Bank Co., Ltd.
|
| Coupon: | 0.64%
|
| Price: | Par
|
| Yield: | 0.64%
|
|
|
| Part B
|
| Guarantor: | Shanghai Commercial & Savings Bank, Ltd.
|
| Coupon: | 0.64%
|
| Price: | Par
|
| Yield: | 0.64%
|
|
|
| Part C
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| Guarantor: | Mega International Commercial Bank Co., Ltd.
|
| Coupon: | 0.66%
|
| Price: | Par
|
| Yield: | 0.66%
|
| Call option: | On the coupon payment in year three
|
|
|
| Part D
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| Guarantor: | Shanghai Commercial & Savings Bank, Ltd.
|
| Coupon: | 0.66%
|
| Price: | Par
|
| Yield: | 0.66%
|
| Call option: | On the coupon payment in year three
|
|
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