Taiwan’s Lien Hwa Industrial plans up to NT$5 billion five-year fixed-rate secured bonds

By Rebecca Melvin

Concord, N.H., Jan. 21 – Lien Hwa Industrial Holdings Corp. announced that its board of directors has approved the company’s first issuance in 2022 of secured corporate bonds for up to NT$5 billion, according to a notice.

The fixed-rate bonds will be issued at par in one or more tranches for a tenor of five years.

Proceeds will be used to coordinate future operational needs, plan medium and long-term funds to reduce the risk of financial market volatility and repay financial institution loans.

The wheat-based food products company is based in Taiwan.

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