Evergreen Marine to sell $102 million in bonds to repay loans

TAIPEI (Dow Jones)–Evergreen Marine Corp. (2603.TW) said Friday it plans to sell NT$3 billion (USD $102 million) worth of five-year bonds to repay bank loans.

The shipping company said the coupon rate of the bonds will not exceed 2%.
-By Lorraine Luk, Dow Jones Newswires[/I]