Tawian's Dragon Steel plans up to NT$12 billion bonds for 2014

By Marisa Wong

Madison, Wis., March 13 - China Steel Corp.'s subsidiary, Dragon Steel Corp., plans to issue up to NT$12 billion of corporate bonds in 2014, according to a Taiwan Stock Exchange announcement.

The bonds will have maturities of seven years or less and coupons of not more than 2.3%.

Proceeds will be used to repay bank loans.

The steel maker is based in Kaohsiung, Taiwan, and its subsidiary is based in Taichung, Taiwan.

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