Taiwan’s Formosa Plastics plans up to NT$20 billion of corporate bonds

By Cady Vishniac

Detroit, Dec. 17 – Taiwan’s Formosa Plastics Corp.’s board has approved up to NT$20 billion of corporate bonds to be issued in 2021, according to a notice.

The bonds may be fixed- or floating-rate and will be issued in installments.

The company intends to use proceeds to reinvest in domestic or overseas companies, construct and expand its production plants, replace equipment, pay off loans and replenish working capital.

Formosa Plastics is a plastic producer based in Kaohsiung City, Taiwan.

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