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Taiwan’s Far Eastern New Century to issue up to NT$8 billion bonds
New York, March 19 – Far Eastern New Century Corp. said that its board of directors has approved the issuance of up to NT$8 billion of corporate bonds.
The debt will be offered at par with maturities of up to 10 years in a non-public offering, according to a notice filed with the Taiwan Stock Exchange.
Proceeds will be used to pay off short-term loans to provide cash for the medium- and long-term financing needs of the company.
Far Eastern is a Taipei, Taiwan-based textile company.
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