Taiwan's Inotera Memories plans to price NT$10 billion of bonds

By Angela McDaniels

Seattle, Nov. 22 - Inotera Memories Inc. plans to place NT$10 billion of unsecured bonds through a nonpublic offering, according to a company news release.

The bonds will have a tenor of five to seven years and will have a fixed or floating rate.

The company will price the bonds at par of NT$1 million and use the proceeds to repay bank loans.

The board of directors authorized the issuance on Tuesday.

Inotera is based in Taoyuan, Taiwan, and manufactures Dynamic Random Access Memory products.

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