20
May
08:51
CSC to issue green electricity bonds
Taiwan’s China Steel Corporation (CSC) plans to issue its first tranche of unsecured corporate bonds of this year on 28 May. Totalling TWD 1.57 billion ($49 million), these will be used to secure green electricity supply, Kallanish notes.
The five-year corporate bond has a coupon rate of 1.84%. This reveals the rising cost of financing for the company, since the coupon rate of corporate bonds issued a year earlier was only 1.57%.
“All corporate bonds …
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Anonymous
Very good overview of the weekly steel market.
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