The intra-Asia specialist said the two batches of five- and seven-year bonds would have coupons of 1.65% and 1.95% respectively.

“We will use the funds to replenish mid- and long-term working capital and enhance our financial structure,” Wan Hai said.

In June the shipowner applied to the country’s financial watchdog for permission to issue up to TWD 5bn ($167m) in new debt.

In