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Taiwan's Far Eastern New Century plans up to NT$8 billion of bonds
By Marisa Wong
Madison, Wis., Aug. 12 - Far Eastern New Century Corp. said it plans to issue bonds with maturities of up to seven years.
The total issue amount will be less than NT$8 billion.
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 improve the company's financial structure.
Far Eastern is a Taipei, Taiwan-based textile company.
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