Taiwan’s Yuanta Financial eyes NT$10 billion corporate bonds

By Marisa Wong

Los Angeles, June 23 – Yuanta Financial Holding Co., Ltd. plans to issue up to NT$10 billion of corporate bonds, according to a Taiwan Stock Exchange notice.

The bonds will have a maturity of no more than 10 years and a coupon of no more than 1˝%.

The company expects to issue the bonds at par.

Proceeds will be used to enhance working capital, to obtain medium- or long-term funds for business expansion or mergers, to increase capital contributions to subsidiaries or to repay loans.

The financial services company is based in Taipei, Taiwan.

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