Taiwan's Far EasTone to issue up to NT$10 billion of corporate bonds

By Marisa Wong

Madison, Wis., Oct. 28 - Far EasTone Telecommunications Co., Ltd. plans to issue up to NT$10 billion of domestic corporate bonds with maturities of up to seven years.

The coupon will be fixed and will be set at pricing.

The company's board of directors approved the issuance on Monday. The company expects to issue the bonds within one year.

Proceeds will be used to enrich working capital, to repay short-term loans and for capital expenditure for long-term growth.

The telephone company is based in Taipei, Taiwan.

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