Hong Pu Real Estate board approves corporate bond sale

Chicago, Sept. 7 – Hong Pu Real Estate Development Co., Ltd.’s board of directors approved the issuance of an unsecured corporate bond, according to a notice.

The company has approval to raise funds in an amount of up to NT$1 billion in the form of a fixed-rate five-year bond, issued without a discount.

Proceeds would be used to repay debt and for working capital.

The company would use an underwriter, but has not named one yet.

Based in Taipei, the potential issuer constructs, leases, and sells residential and commercial buildings in Taiwan.

© 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.