Acer eyes issuance of up to NT$10 billion of new bonds

By Rebecca Melvin

New York, March 17 – Acer Inc. said its board has approved the issuance of up to NT$10 billion new bonds to be issued in one or more tranches with tenors of not more than 10 years.

The bonds will be issued at par.

Proceeds will be used to repay debt and replenish working capital.

Further pricing details and timing will be determined by market conditions.

The hardware and electronics company is headquartered in New Taipei City, Taiwan.

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