E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/5/2023 in the Prospect News Emerging Markets Daily.

New Issue: Hong Pu Real Estate sells NT$500 million 2.85% five-year bonds at par

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.
Amount:NT$500 million
Issue:Corporate bonds (2022 second issue)
Tenor:Five years
Underwriter:MasterLink Securities Co., Ltd. (lead)
Trustee:Taishin International Bank Co., Ltd.
Coupon:2.85%
Price:Par of NT$1 million
Yield:2.85%
Call option:At par on Jan. 16, 2024 and on each subsequent anniversary of the first call date until and including Jan. 16, 2028
Announcement date:Jan. 5

© 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.