By Marisa Wong
Morgantown, W.Va., Aug. 29 – Asia Cement Corp. will issue NT$6 billion of 0.8% five-year bonds at par, according to a Taiwan Stock Exchange announcement.
KGI Securities Co., Ltd. is the underwriter.
This is the company’s first issue of corporate bonds for 2016. The company announced in May plans to issue up to NT$10 billion of bonds for the year.
The Taipei, Taiwan-based cement producer will use the proceeds to repay loans, fulfill mid- to long-term operating capital and strengthen its financial structure.
| Issuer: | Asia Cement Corp.
|
| Issue: | Bonds, 2016 first issue
|
| Amount: | NT$6 billion
|
| Maturity: | Five years
|
| Underwriter: | KGI Securities Co., Ltd.
|
| Coupon: | 0.8%
|
| Price: | Par
|
| Yield: | 0.8%
|
| Announcement date: | Aug. 29
|
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