To raise funds for power development, the Board of Executive Directors of Taipower has approved yesterday (June 9) the third unsecured corporate bonds of NT$ 11.7 billion for 2020, which it is scheduled to be issued in mid to late July. Taipower stated that in order to continuously develop multiple power sources and power grids to ensure stable power supply, the funds raised will be used mainly for the project of adding combined cycle gas turbine in Datan Power Plant, the 7th power transmission and transformation project, and the Linkou Power Plant’s renovation and expansion project.

Taipower pointed out that the conditions for the issuance of corporate bonds are as follows:

1. 5-year unsecured corporate bonds: NT$ 4.7 billion will be issued at a fixed interest rate of 0.55%. The interest will be paid once a year and the principal amount will be returned upon maturity.                        
2. 7-year unsecured corporate bonds: NT$ 5.6 billion will be issued at a fixed interest rate of 0.60%. The interest will be paid once a year and the principal amount will be returned upon maturity.
3. 10-year unsecured corporate bonds: NT$ 1.4 billion will be issued at a fixed interest rate of 0.66%. The interest will be paid once a year and the principal amount will be returned upon maturity.
4. The issuance of the current corporate bonds will be confirmed after the declaration becomes effective.

Spokesperson： Vice President, Zao-Hua Xu
Tel：(02)2366-6271/0937-730-598
Email：u787200@taipower.com.tw

Contact Person: Deputy Director of Department of Finance, Li-Zhen Chen
Tel：(02)2366-6811/0932-338-770
Email：u048292@taipower.com.tw