Fitch rates Taiwan Eximbank bond AAA(twn)

Fitch Ratings said it assigned Export-Import Bank of the Republic of China's (Taiwan Eximbank) proposed three-year NT$ 1 billion senior unsecured bond an AAA(twn) national long-term rating.

The bond carries a fixed coupon rate and matures on June 26, 2017.

The bond is rated at the same level as Taiwan's Eximbank's national long-term rating of AAA(twn), which has a stable outlook, in compliance with Fitch's rating criteria on senior unsecured bond instruments of financial institutions. The new debt issue aims to secure more stable and mid-term funding.

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