Taiwan’s Evergreen Marine to offer up to NT$8 billion five-year bonds

By Marisa Wong

Morgantown, W.Va., March 30 – Evergreen Marine Corp. plans to issue up to NT$8 billion of domestic secured corporate bonds at par.

The five-year bonds will carry a coupon of no more than 1˝%.

This will be the company’s 13th issue of domestic secured corporate bonds.

Proceeds will be used to repay existing debt and to improve the company’s financial structure.

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

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