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Asia Polymer may issue up to NT$2 billion of fixed-rate bonds
Chicago, March 9 – Asia Polymer Corp. has board approval to sell up to NT$2 billion of fixed-rate corporate bonds, according to a notice.
The tenor can be a maximum of 10 years.
Proceeds will be used to repay debt.
Underwriters are still to be decided for what will be a public offering.
The Taipei, Taiwan-based prospective issuer manufactures and sells polyethylene resins.
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