By Marisa Wong
Los Angeles, Oct. 30 – Eternal Materials Co., Ltd. priced NT$3 billion of 0.82% five-year bonds at par, according to a Taiwan Stock Exchange notice.
Bank of Taiwan, E.Sun Commercial Bank, Ltd., Shanghai Commercial & Savings Bank and Chang Hwa Commercial Bank are guarantors for the issue.
E.Sun Commercial Bank, Ltd. is the lead underwriter.
This is the company’s first issue of secured corporate bonds for 2019.
Proceeds will be used to repay bank loans.
Eternal Materials manufactures resin materials, electronic materials and other specialty chemicals. The company is based in Kaohsiung, Taiwan.
| Issuer: | Eternal Materials Co., Ltd.
|
| Guarantors: | Bank of Taiwan, E.Sun Commercial Bank, Ltd., Shanghai Commercial & Savings Bank and Chang Hwa Commercial Bank
|
| Issue: | Secured corporate bonds, 2019 first issue
|
| Amount: | NT$3 billion
|
| Maturity: | Five years
|
| Underwriter: | E.Sun Commercial Bank, Ltd.
|
| Coupon: | 0.82%
|
| Price: | Par
|
| Yield: | 0.82%
|
| Call option: | No
|
| Put option: | No
|
| Announcement date: | Oct. 30
|
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