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Taiwan’s Yuanta releases more details on planned NT$20 billion bonds
By Marisa Wong
Morgantown, W.Va., March 28 – Yuanta Financial Holding Co., Ltd. plans to issue up to NT$20 billion of corporate bonds with fixed or floating coupons capped at 2˝%, according to a Taiwan Stock Exchange notice.
The company first proposed the bonds in October.
Tentatively, the bonds will be issued at par with a maturity of no more than 10 years.
As previously noted, the bonds may be issued in one or more tranches depending on market conditions. The tranches will comprise the company’s first issue of corporate bonds for 2016.
Proceeds will be used for mergers and acquisitions.
The financial services company is based in Taipei, Taiwan.
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