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

By Mary-Katherine Stinson

Lexington, Ky., March 16 – Acer Inc. announced 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, according to a notice.

The bonds will be issued at par.

Proceeds will be used to 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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