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Yang Ming Marine plans up to NT$8 billion five-year convertibles
By Marisa Wong
Morgantown, W.Va., March 26 – Yang Ming Marine Transport Corp. plans to issue up to NT$8 billion of 0% five-year convertible bonds, according to a Taiwan Stock Exchange announcement.
The bonds will be priced at 101 to 101.5.
Fubon Securities will be the underwriter.
Proceeds will be used to repay bank borrowings.
Yang Ming is an ocean shipping company based in Keelung, Taiwan.
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