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Taiwan’s Yang Ming Marine plans to issue up to NT$4 billion bonds
By Marisa Wong
Morgantown, W.Va., Aug. 12 – Yang Ming Marine Transportation Corp. plans to issue up to NT$4 billion of straight bonds, according to a Taiwan Stock Exchange announcement.
The bonds will be issued at par with a maturity of up to five years.
Proceeds will be used to repay domestic bonds.
The company’s board of directors approved the proposed issuance on Wednesday.
Yang Ming is an ocean shipping company based in Keelung, Taiwan.
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