Fitch rates Yuanta Financial bonds AA-(twn)

Fitch Ratings said it assigned national long-term ratings of AA-(twn) to Yuanta Financial Holding Co.'s proposed three- and five-year senior unsecured bonds.

The three-year bond amounts to NT$5.5 billion with a fixed coupon rate of 1.3% and the five-year bond amounts to NT$4.5 billion with a fixed coupon rate of 1.5%.

The bond is rated at the same level as the company's national long-term rating of AA-(twn), which has a stable outlook, the agency said.

The proceeds will be used to refinance debt and fund the company's acquisition of Polaris Securities, Fitch said.

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