Taiwan’s China Steel is planning to raise about $689.9 million through a domestic sale of bonds this year, Reuters reports. The non-collateralized bonds will mature in three to seven years.
The company, which intends to use the proceeds to enhance its working capital, has not set a date for the bond issue or its pricing. The steel maker also intends to invest $66.58 million in an electrical steel sheet plant in India, adds Taipei Times.
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