Cheng Shin Rubber Ind. Co., Ltd. Announces Board of Directors Resolved to issue Unsecured Ordinary Corporate Bonds
November 12, 2020 at 04:32 am EST
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Cheng Shin Rubber Ind. Co., Ltd. announced issue of unsecured ordinary corporate bonds. Total amount issued: No more than TWD 10,000,000,000. Face value per bond: TWD 1,000,000 with only one type of corporate bond to be issued. Issue price: Full par value. Issuance period: No longer than 7 years. Coupon rate: According to the corporate bond market conditions, take an advantageous way to decide, and authorize the chairman to approve. Use of the funds raised by the offering and utilization plan: To pay debts or enrich working capital. Underwriting method: Entrust securities underwriters to public underwrite. Trustees of the corporate bonds: To be decided. Underwriter or agent: To be decided. Agent for payment of the principal and interest: To be decided.
Cheng Shin Rubber Ind. Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of tires. The main products include radial automobile cover tires, radial truck cover tires, motorcycle cover tires, bike cover tires, inner tubes and other tires. The Company is also involved in the manufacture and sale of rubber and tire-related industrial products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, the Middle East, Africa, Asia, Australia and others.