Taiwan’s Pegatron plans to issue up to NT$15 billion of bonds

Chicago, March 14 – Pegatron Corp.’s board of directors approved the issuance of up to NT$15 billion of corporate bonds, according to a company announcement.

The corporate bonds may be issued in installments, depending on market conditions, and the underwriting method and underwriter will be chosen by Pegatron’s chairman, again according to market conditions.

Proceeds will be used to repay loans and for working capital.

Pegatron is a Taipei, Taiwan-based developer of computing, communications and consumer electronics, as well as computer peripherals.

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