By Mary-Katherine Stinson
Lexington, Ky., Sept. 21 – Taiwan Mask Corp. sold NT$500 million of secured bonds in two tranches, according to a notice.
The new issuance is comprised of a NT$300 million tranche A and a NT$200 million tranche B.
Both tranches have a coupon rate of 1.8% and were issued at par.
Proceeds from the five-year notes will be used for repaying bank loans.
Mega Securities Co., Ltd. is the lead underwriter.
This is the first secured bond issue in 2022 for the company.
The Taiwanese company is a researcher, developer, manufacturer and distributor of masks for semiconductor production.
| Issuer: | Taiwan Mask Corp.
|
| Amount: | NT$500 million
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| Issue: | Bonds
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| Maturity: | 2027
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| Lead underwriter: | Mega Securities Co., Ltd
|
| Trustee: | Bank Sinopac Co. Ltd.
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| Coupon: | 1.8%
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| Price: | Par
|
|
|
| Tranche A
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| Guarantor: | Mega International Commercial Bank Co., Ltd.
|
| Amount: | NT$300 million
|
|
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| Tranche B
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| Guarantor: | First Commercial Bank Co., Ltd.
|
| Amount: | NT$200 million
|
|
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