Wan Hai Lines is to sell five-year bonds worth TWD 2.1bn ($69.1m) to refinance debt.

The company said the notes would carry interest of 1.55%.

The cash will strengthen its financial structure, it said.

The company authorised bond sales of up to TWD 4.5bn in April.

Issue periods depend on market conditions.

The company's first quarter net loss was TWD 200.31m,