By Mary-Katherine Stinson
Lexington, Ky., April 18 – Delta Electronics, Inc. priced a total of NT$6.5 billion of bonds in two tranches with a face value of NT$1 million per bond, according to a notice.
Tranche A consists of NT$3 billion 1.43% corporate bonds with a tenor of three years.
Tranche B consists of NT$3.5 billion 1.53% corporate bonds with a tenor of five years.
Both tranches priced at par.
Yuanta Securities Co. Ltd. is the underwriter.
Proceeds will be used to repay bank loans.
The board of directors passed the resolution on Feb. 22. This is the second issuance of an unsecured ordinary corporate bond of Delta Electronics in 2023.
Taipei, Taiwan-based Delta is an electronics manufacturing company.
| Issuer: | Delta Electronics, Inc.
|
| Amount: | NT$6.5 billion
|
| Issue: | Bonds
|
| Underwriter: | Yuanta Securities Co. Ltd.
|
| Trustee: | CTBC Bank Co., Ltd.
|
| Distribution: | Public
|
|
|
| Tranche A
|
| Amount: | NT$3 billion
|
| Maturity: | Three years
|
| Coupon: | 1.43%
|
| Price: | Par
|
| Yield: | 1.43%
|
| Call: | Non-callable
|
|
|
| Tranche B
|
| Amount: | NT$3.5 billion
|
| Maturity: | Five years
|
| Coupon: | 1.53%
|
| Price: | Par
|
| Yield: | 1.53%
|
| Call: | Non-callable
|
|
|
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