Taiwan's Far Eastern New Century plans up to NT$8 billion of bonds

By Marisa Wong

Madison, Wis., March 19 - Far Eastern New Century Corp. said it plans to issue bonds with maturities of up to 10 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.

© 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.