Taiwan’s SinoPac plans up to NT$5 billion corporate bonds

By Rebecca Melvin

New York, April 27 – SinoPac Holdings plans to issue up to NT$5 billion of corporate bonds, according to a Taiwan Stock Exchange announcement.

The bonds will be issued at par in one or more tranches and have a term of up to 10 years and a fixed- or floating-rate coupon.

Proceeds will be used to strengthen the company’s financial structure.

SinoPac Securities Corp. will be the underwriter.

SinoPac is a Taipei, Taiwan-based banking and securities company.

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