Taiwan’s San Far Property plans up to NT$1 billion secured bonds

By Marisa Wong

Morgantown, W.Va., Aug. 7 – San Far Property Ltd. plans to issue up to NT$1 billion of secured corporate bonds for 2017, according to a Taiwan Stock Exchange notice.

The bonds will have a maturity of five years and will be priced at par with a coupon of less than 1.05%.

Proceeds from the public offering will be used to repay bank loans.

San Far develops and sells dormitories and other buildings. The company is based in Taipei, Taiwan.

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