Taiwan’s China Development Financial eyes up to NT$10 billion bonds

By Marisa Wong

Los Angeles, Sept. 28 – China Development Financial Holding Corp. is planning to issue up to NT$10 billion of corporate bonds in 2020 and 2021, according to a Taiwan Stock Exchange notice.

The amount of senior bonds and amount of subordinated bonds are capped at NT$6 billion each.

The bonds will have maturities of up to 20 years and will be sold at par.

KGI Securities Co., Ltd. will act as underwriter.

Proceeds from the public offering will be used to repay outstanding debt, to finance mergers and to strengthen the company’s capital structure.

The financial services company is based in Taipei, Taiwan.

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