Far EasTone Telecommunications plans up to NT$5 billion bonds

By Marisa Wong

Morgantown, W.Va., May 4 – Taiwan’s Far EasTone Telecommunications Co., Ltd. plans to issue up to NT$5 billion of corporate bonds with maturities of up to seven years, according to a Taiwan Stock Exchange notice.

The fixed-rate bonds will be sold at par in one or more public offerings.

Proceeds will be used to repay debt.

The telephone company is based in Taipei, Taiwan.

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