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SEQ_NO |
2 |
Date of announcement |
2024/05/09 |
Time of announcement |
17:42:32 |
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Subject |
The Board of Directors resolved to issue unsecured sustainable exchangeable corporate bonds |
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Date of events |
2024/05/09 |
To which item it meets |
paragraph 11 |
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Statement |
1.Date of the board of directors resolution:2024/05/09 2.Name [issue no.__ of (secured, unsecured) corporate bonds of ___________ (company)]: Far Eastern New Century Corporation 1st and 2nd Domestic Unsecured Sustainable Exchangeable Corporate Bond 3.Whether to adopt shelf registration (Yes/No):No 4.Total amount issued: (1)The total par value of 1st domestic unsecured sustainable exchangeable corporate bond is TWD 1 billion. (2)The total par value of 2nd domestic unsecured sustainable exchangeable corporate bond is TWD 1.5 billion. 5.Face value per bond: TWD 100,000. 6.Issue price:The bonds will be issued at 102% of par value. 7.Issuance period:Five years. 8.Coupon rate:Annual fixed coupon rate is 0%. 9.Types, names, monetary values and stipulations of collaterals:Nil 10.Use of the funds raised by the offering and utilization plan: The Company planned to issue exchangeable corporate bonds for supporting the Company and investing in subsidiary, Oriental Petrochemical (Taiwan) Co., Ltd., for green investment projects, or repayments required by the aforementioned projects, or the Company's long-term business development in order to fulfill the corporate sustainable goal of friendly environment and co-prosperous society. 11.Underwriting method:Book building. 12.Trustees of the corporate bonds: The Board authorized the Chairman to approve. 13.Underwriter or agent: KGI Securities Co, Ltd. 14.Guarantor(s) for the issuance:Nil 15.Agent for payment of the principal and interest: The Board authorized the Chairman to approve. 16.Certifying institution:Nil 17.Where convertible into shares, the rules for conversion: The terms and conditions will follow relevant regulations and be announced separately after receiving regulator's approval. 18.Sell-back conditions: The terms and conditions will follow relevant regulations and be announced separately after receiving regulator's approval. 19.Buyback conditions: The terms and conditions will follow relevant regulations and be announced separately after receiving regulator's approval. 20.Reference date for any additional share exchange, stock swap, or subscription: The terms and conditions will follow relevant regulations and be announced separately after receiving regulator's approval. 21.Possible dilution of equity in case of any additional share exchange, stock swap, or subscription:Nil 22.Any other matters that need to be specified: The actual issuance plan, revision of issuance procedures and terms and conditions and other related matters of this exchangeable bonds, all issuance related operational matters...etc. are all authorized to the chairman of the board or his designated agent. In future, shall there be any changes in regulations, requirements approved by the competent authority, or any needs for market conditions or other subjective or objective factors, the required additional revisions and adjustments shall apply. |
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