Taiwan’s Sinyi Realty plans up to NT$1.2 billion issue of bonds

By William Gullotti

Buffalo, N.Y., Nov. 30 – Sinyi Realty Inc. received approval to issue up to NT$1.2 billion of corporate bonds from its board of directors, according to an announcement on Tuesday.

The fixed-rate bonds may be issued in installments with tenors not to exceed ten years.

Proceeds will be used to repay bank loans.

The real estate company is based in Taipei, Taiwan.

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