Taiwan’s China Development Financial eyes up to NT$15 billion bonds

By Marisa Wong

Los Angeles, Aug. 23 – China Development Financial Holding Corp. is planning to issue up to NT$15 billion of corporate bonds in 2021, according to a Taiwan Stock Exchange notice.

The bonds will have maturities of up to 20 years and will be sold at par.

KGI Securities Co., Ltd. will act as underwriter.

Proceeds from the public offering will be used as partial funding for the share swap with China Life Insurance Co. Ltd.

The financial services company is based in Taipei, Taiwan.

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