28
Jun
04:31
CSC to issue $3.5 billion corporate bonds
Taiwan’s China Steel Corporation (CSC) on Tuesday received approval from the competent authority for its first tranche of unsecured corporate bonds totaling TWD 11 billion ($353 million), and will issue them on 5 July, Kallanish learns.
The bond is divided into two tranches, including three-year bonds of TWD 7.2 billion, with a coupon rate of 1.5%. The principal will be repaid in one lump sum on the due date.
Another TWD 3.8 billion in bonds have …
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Very good overview of the weekly steel market.
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