By William Gullotti
Buffalo, N.Y., Jan. 5 – Hong Pu Real Estate Development Co., Ltd. priced NT$500 million of 2.85% five-year corporate bonds at par, according to a notice on Thursday.
The bonds will have an annual call option, starting Jan. 16, 2024.
MasterLink Securities Co., Ltd. was the lead underwriter for the public offering.
Proceeds will be used to repay bank loan debt and for working capital.
Based in Taipei, the issuer constructs, leases and sells residential and commercial buildings in Taiwan.
Issuer: | Hong Pu Real Estate Development Co., Ltd.
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Amount: | NT$500 million
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Issue: | Corporate bonds (2022 second issue)
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Tenor: | Five years
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Underwriter: | MasterLink Securities Co., Ltd. (lead)
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Trustee: | Taishin International Bank Co., Ltd.
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Coupon: | 2.85%
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Price: | Par of NT$1 million
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Yield: | 2.85%
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Call option: | At par on Jan. 16, 2024 and on each subsequent anniversary of the first call date until and including Jan. 16, 2028
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Announcement date: | Jan. 5
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