Taiwan's KGI Securities board approves up to NT$5 billion of bonds

By Marisa Wong

Madison, Wis., Nov. 23 - KGI Securities Co. Ltd. said its board of directors approved a proposed issuance of up to NT$5 billion of straight corporate bonds.

The bonds will be issued at par. The face amount, maturity and coupon have yet to be determined.

Proceeds will be used to repay short-term debt and to enhance the company's financial structure.

The securities company is based in Taipei, Taiwan.

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