Taiwan-based Wan Hai’s board OKs up to NT$5.7 billion bonds for 2016

By Marisa Wong

Morgantown, W.Va., May 11 – Wan Hai Lines Ltd. said its board of directors approved the issuance of up to NT$5.7 billion of corporate bonds for 2016.

The bonds will be issued at par through a public offering, according to a Taiwan Stock Exchange announcement.

Proceeds will be used to repay debt and to strengthen the company’s financial structure.

The shipping company is based in Taipei, Taiwan.

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