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

By Marisa Wong

Morgantown, W.Va., Aug. 11 – Far Eastern New Century Corp. said it plans to issue up to NT$8 billion of bonds with maturities of up to 10 years.

The company plans to price the bonds at par and issue them in one or more tranches within one year.

Proceeds will be used to repay short-term 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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