Yang Ming Wants Public Debt

Last Friday, Taiwanese boxship operator Yang Ming Marine Transport announced plans to issue up to TWD 5 billion (USD 157 million) worth of secured corporate bonds. The bonds will carry a fixed coupon rate with a maturity period of not more than 5 years. Proceeds will be used to repay existing debt. A listing of Yang Ming’s dry bulk subsidiary Kuang Ming Marine Transport is also on the cards.

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