Taiwan’s Hotai Finance to issue up to NT$3 billion five-year bonds

By William Gullotti

Buffalo, N.Y., Dec. 22 – Hotai Finance Co., Ltd. plans to issue up to NT$3 billion of five-year secured straight corporate bonds, according to a notice on Wednesday.

The bonds will be issued at par with a tenor not exceeding five years and a face value of NT$1 million.

Sumitomo Mitsui Banking Corp., Taipei Branch is contracted to secure the guaranteed bonds.

Proceeds will be used for debt repayment or working capital.

Hotai Finance is a consumer financing services company based in Taipei, Taiwan, and a subsidiary of automotive conglomerate Hotai Motor Co., Ltd.

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