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CPC, Taiwan issued Stage 1 unsecured bonds in 2019

1 Oct 2019

On August 6, CPC, Taiwan completed the pricing operation for the issuing of Stage 1 unsecured bonds in 2019 with the total value of NTD 10.8 billion. The underwriter for this stage of unsecured bonds is Hua Nan Bank and 14 other financial institutions that sell by consultation and are open to the public for underwriting. The issuing terms are as follows: 

5-year fixed annual interest rate of 0.69% issued at the value of NTD 3.7 billion;

7-year fixed annual interest rate of 0.73% issued at the value of NTD 3.2 billion;

10-year fixed annual interest rate of 0.79% issued at the value of NTD 3.9 billion;

CPC, Taiwan, shoulders the mission of developing the national energy industry for Taiwan. Following the global trend of carbon reduction and the promotion of the reduction of greenhouse gases in Taiwan, in addition to replacing old machines, new facilities will be purchased. Moreover, a fixed assets investment plan will be drafted to continue the responsibility of safeguarding the security of national energy and the mission of stabilizing the supply of oil and gas.