Yuanta Securities Korea eyes KRW 150 billion corporate bonds

By Wendy Van Sickle

Columbus, Ohio, March 31 – Yuanta Financial Holding Co., Ltd. announced that the board of directors of Yuanta Securities Korea Co., Ltd. approved the issuance of up to KRW 150 billion of corporate bonds, according to a Taiwan Stock Exchange notice.

The bonds will have a maturity of no more than three years.

The company expects to issue the bonds at par.

Proceeds will be used for general working capital.

The financial services company is based in Taipei, Taiwan.

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