Taiwan's Evergreen Marine plans to sell NT$3 billion of secured bonds

By Marisa Wong

Madison, Wis., March 16 - Evergreen Marine Corp. said it plans to issue NT$3 billion of domestic secured corporate bonds.

The bonds will be priced at par with a maturity of five years and a coupon of no more than 2%.

This will be the company's 12th issue of domestic secured corporate bonds.

Proceeds will be used to refund the company's maturing bonds and existing debt.

Evergreen Marine is a container freight shipping company based in Luzhu, Taoyuan County, Taiwan.

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