Chi Mei may sell up to NT$4 billion of bonds

Updated Friday, November 21, 2008 10:39 am TWN, Bloomberg

Chi Mei may sell up to NT$4 billion of bonds

TAIPEI, Taiwan -- Chi Mei Optoelectronics Corp., Taiwan’s second-biggest maker of liquid-crystal displays, plans to raise funds by selling as much as NT$4 billion (US$120 million) of collateralized corporate bonds.

Chi Mei will use the proceeds to pay short-term debt and boost working capital, the Tainan-based company said in an exchange filing yesterday.

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