Yungshin Construction prepares ordinary corporate bond offer

Chicago, Feb. 25 – Yungshin Construction & Development Co., Ltd. is preparing to offer ordinary corporate bonds, according to a notice.

The company has board approval to issue up to NT$1 billion of notes at par. The tenor will be less than five years. Multiple tranches may be issued.

Proceeds will be used to repay bank loans and increase working capital.

The company constructs and sells public housing and commercial buildings and is based in Taiwan.

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