Yuanta Financial plans up to NT$15 billion corporate bonds

By Mary-Katherine Stinson

Lexington, Ky., June 28 – Yuanta Financial Holding Co., Ltd. has board approval to issue up to NT$15 billion of corporate bonds, according to a notice.

Provisionally, bonds are to be issued at par but there is a 3% cap on the coupon, and the tenor may not exceed 10 years.

The board’s approval is valid for two years.

Proceeds will be used to repay maturing corporate bonds, to settle borrowed loans and to enhance working capital.

The financial services company is based in Taipei, Taiwan.

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