Taiwan's Maywufa plans up to NT$300 million corporate bonds

By Marisa Wong

Madison, Wis., April 29 - Maywufa Co. Ltd. said its board of directors approved an up to NT$300 million issue of secured corporate bonds.

The bonds will be issued at par with a maturity of five years.

Proceeds will be used to repay NT$300 million of maturing corporate bonds, to enrich mid-term working capital and to strengthen the company's financial structure.

The health and beauty company is based in Taipei, Taiwan.

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