Taiwan's Uni-President to sell NT$3 billion 1.43% five-year bonds

By Marisa Wong

Madison, Wis., April 13 - Uni-President Enterprises Co. said its board of directors has authorized the issue of NT$3 billion of corporate bonds.

The bonds will have a maturity of five years and a coupon of 1.43%. The securities will be issued at par.

Proceeds will be used to repay bank loans and to strengthen the company's financial structure.

Uni-President is a Tainan, Taiwan-based packaged foods manufacturer.

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