The Taipei-listed containerline sold the notes in two partswith all proceeds earmarked to refinance existing bonds, a stock exchange filing reveals.
Yang Ming will pay interest of 2.2% per year on TWD 3.9bnworth of debt maturing in five years.
The remaining TWD 1.1bn will be repaid in seven years andcarries a coupon of 2.45% per year.
In a recent report Drewry Maritime Equity Research said aturnaround in the third quarter will not be enough to prevent Yang Ming fromposting a full year loss.
