Taiwan’s Hotai Finance plans up to NT$6 billion corporate bonds

By Marisa Wong

Los Angeles, Jan. 28 – Hotai Finance Co., Ltd. plans to issue up to NT$6 billion of straight corporate bonds, according to a notice.

The fixed-rate bonds will have maturities of no more than seven years and will be sold at par.

Proceeds will be used to repay debt or for working capital.

Hotai Finance is a consumer financing services company based in Taipei, Taiwan, and a subsidiary of automotive conglomerate Hotai Motor Co., Ltd.

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