Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Far Eastern New Century Co. Ltd. > News item |
Taiwan's Far Eastern plans to offer less than NT$8 billion of bonds
By Marisa Wong
Madison, Wis., March 27 - Far Eastern New Century Co. Ltd. said it plans to issue bonds with maturities of up to 10 years.
The total issue amount will be less than NT$8 billion, or the equivalent amount in any foreign currency.
The company plans to price the bonds at par.
Proceeds will be used to repay short-term bank loans and to provide cash for medium- and long-term financing needs, overall to strengthen the company's financial structure.
Far Eastern is a Taipei, Taiwan-based textile company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.