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Published on 7/19/2004 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

Taiwan's Evergreen Marine plans NT$4.5 billion convertible

New York, July 19 - Evergreen Marine Corp. said it plans to sell NT$4.5 billion of zero coupon domestic convertible bonds.

The securities will have a five-year maturity and carry a zero coupon.

Proceeds will be used to pay maturing debt.

Evergreen Marine, a Taipei, Taiwan, container shipping line, said President Securities Corp. will be the underwriter for the deal.


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