Taiwan's Evergreen Marine is launching a bond issue to raise up to TWD 8bn ($264m).

The debt will mature over five years at interest of not more than 1.5%.

It will use the proceeds to redeem other borrowings and improve its financial structure, it said.

This is its thirteenth domestic corporate issue.

The liner company posted a net loss of TWD 1.6bn in the third quarter of 2016, down from TWD 2.56bn