Taiwan's Advanced Semiconductor plans up to NT$8 billion secured bonds

By Marisa Wong

Madison, Wis., June 22 - Advanced Semiconductor Engineering, Inc. announced it plans to issue up to NT$8 billion of secured corporate bonds.

The bonds will be priced at par and will have a maturity of five years and a fixed interest rate of 2% or less.

Proceeds will be used to repay short-term debt and to improve the company's financial structure.

The semiconductor assembly and test services supplier is based in Kaohsiung, Taiwan.

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