Another ailing boxship owner has moved for funds to boost short term liquidity.
Taiwan’s Yang Ming Marine Transportation is raising TWD 4.35bn ($132m) from a private corporate bond placement, the company’s second of the year.
The funds will be raised in two tranches - a TWD 1.55bn four-year note sold at a yield of 2.08% and a TWD2.8bn, five-year note at 2.18%,
