Yuanta Financial plans up to NT$8 billion corporate bonds

Chicago, Nov. 28 – Yuanta Financial Holding Co., Ltd. has board approval to issue up to NT$8 billion of corporate bonds, according to a notice.

The issuer will be Yuanta Securities Co., Ltd.

The coupon may not go higher than 3%, and the tenor may not exceed 10 years.

The cap on the coupon applies to either fixed- or floating-rate notes.

Proceeds will be used to enhance the working capital by repaying bank loans and commercial paper.

The financial services company is based in Taipei, Taiwan.

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