Taiwan Hon Chuan Enterprises plans to sell up to NT$4.5 billion bonds

By Mary-Katherine Stinson

Lexington, Ky., March 10 – Taiwan Hon Chuan Enterprises Co., Ltd. plans to issue up to NT$4.5 billion of corporate bonds with a term of no more than five years, according to a notice.

The bonds will be sold at par and will have a face value of NT$1 million per bond.

Proceeds will be used to enrich long-term working capital and to repay debt.

Taichung, Taiwan-based Hon Chuan makes packaging materials for the beverage industry.

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