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Taiwan’s SinoPac plans NT$5 billion fixed- or floating-rate bonds
By Marisa Wong
Los Angeles, Oct. 30 – SinoPac Holdings announced on behalf of SinoPac Securities Corp. the proposed issuance of up to NT$5 billion of corporate bonds.
The bonds may be issued in one or more tranches with maturities of up to 10 years. The coupon may be fixed or floating.
The bonds will be sold at par.
Proceeds will be used to replenish working capital and to strengthen the company’s financial structure.
SinoPac is a Taipei, Taiwan-based banking and securities company.
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