Taiwan’s Yulon Finance board OKs up to NT$10 billion five-year bonds

By Sarah Lizee

Olympia, Wash., Aug. 8 – Yulon Finance Corp.’s board of directors approved an issue of up to NT$10 billion of five-year secured corporate bonds.

The bonds may be issued at par in installments between 2019 and 2020, according to a Taiwan Stock Exchange notice.

The coupon will be a fixed rate.

Proceeds will be used for debt repayment.

Formerly Taiwan Acceptance Corp., Yulon Finance provides vehicle-related financial services and is based in Taipei, Taiwan.

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