Taiwan Mobile eyes up to NT$16 billion corporate bonds for 2012, 2013

By Marisa Wong

Madison, Wis., Oct. 25 - Taiwan Mobile Co., Ltd. said it plans to issue up to NT$16 billion of straight corporate bonds in 2012 and 2013.

The bonds will be priced in several tranches at par with maturities not exceeding seven years. The coupon may be fixed or floating.

Proceeds will be used to repay borrowings or to increase working capital.

The telecommunications company is based in Taipei, Taiwan.

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