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Taiwan’s Wisdom Marine Lines proposes NT$1.2 billion three-year bonds
By Marisa Wong
Morgantown, W.Va., July 28 – Wisdom Marine Lines Co., Ltd. plans to issue up to NT$400 million of three-year secured corporate bonds and up to NT$800 million of three-year unsecured corporate bonds, according to Taiwan Stock Exchange notices.
The company’s board of directors approved the proposed issuance on Friday.
The bonds will be issued at par with a coupon of 0%.
SinoPac Securities Corp. will be the underwriter.
The ship leasing and marine transportation company is based in Taipei, Taiwan.
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