Yang Ming Marine plans up to NT$5 billion 0% five-year convertibles

By Marisa Wong

Madison, Wis., March 26 - Yang Ming Marine Transport Corp. plans to issue NT$5 billion of 0% five-year convertible bonds, according to a Taiwan Stock Exchange announcement.

The bonds will be priced at 100 to 100.5.

KGI Securities will be the underwriter.

Proceeds will be used to repay bank borrowings and corporate bonds.

Yang Ming is an ocean shipping company based in Keelung, Taiwan.

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