The Board of Directors resolved to issue unsecured Corporate bonds
From:
SEQ_NO
1
Date of announcement
2021/07/12
Time of announcement
18:07:48
Subject
The Board of Directors resolved to issue
unsecured Corporate bonds
Date of events
2021/07/12
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2021/07/12
2.Name [issue no.__ of (secured, unsecured) corporate bonds of ___________ (company)]:
Far Eastern New Century Corporation Unsecured Corporate Bond
3.Total amount issued:
Not exceeding TWD 10 billion (or equivalent amount of any foreign currency), and to be issued in one lot or installments.
4.Face value per bond:
TWD 1 million or integral multiples of TWD 1 million (or different amount if foreign currency denominated).
5.Issue price: The bonds will be issued at par value.
6.Issuance period:Up to 10 years.
7.Coupon rate: Depending on the bond market condition, the Board authorized the Chairman to approve the coupon rate.
8.Types, names, monetary values and stipulations of collaterals:Nil
9.Use of the funds raised by the offering and utilization plan:
The Company planned to issue corporate bonds to (1) pay off short-term borrowings or current portion of long-term
liabilities and provide cash to meet medium and long-term financing needs from the Company or its foreign subsidiaries,
in order to improve overall financial structure; or (2) meet the green and/or social investment projects of the Company
or its lending subsidiaries, or to reimburse the loans required by the aforementioned projects, which will uplift the
Company's long-term operation in order to achieve the corporate sustainable goal in practice of being environmental
friendly and prospering with the society.
10.Underwriting method:Public offering.
11.Trustees of the corporate bonds: The Board authorized the Chairman to approve.
12.Underwriter or agent: The Board authorized the Chairman to approve.
13.Guarantor(s) for the issuance:Nil
14.Agent for payment of the principal and interest: Far Eastern International Bank
15.Certifying institution:Nil
16.Where convertible into shares, the rules for conversion:NA
17.Sell-back conditions:NA
18.Buyback conditions:NA
19.Reference date for any additional share exchange, stock swap, or subscription:NA
20.Possible dilution of equity in case of any additional share exchange, stock swap, or subscription:NA
21.Any other matters that need to be specified:Nil