To raise funds for power development, the Board of Directors of Taipower has approved (on May 7) the second unsecured corporate bonds of NT$ 18.05 billion for 2021, which it is scheduled to be issued in mid-June. Taipower stated that in order to continuously develop diversified power sources and power grids to ensure stable power supply, the funds raised will be used mainly for the Gas-Fired Unit Renewal and Renovation Project of Hsinta Power Plant, the 7th Transmission and Substation Project, and the Nanke Extra High Voltage Substation Expansion Project.

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

1. 5-year unsecured corporate bonds: NT$ 6.4 billion will be issued at a fixed interest rate of 0.44%. The interest will be paid once a year, and the principal amount will be returned upon maturity.

2. 7-year unsecured corporate bonds: NT$ 7.85 billion will be issued at a fixed interest rate of 0.49%. The interest will be paid once a year, and the principal amount will be returned upon maturity.

3. 10-year unsecured corporate bonds: NT$ 3.8 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.

4. The issuance of the current corporate bonds will be confirmed after the declaration becomes effective.

Spokesperson： Professional Chief Administrator, Ting-Shu Zhang
Tel：(02)2366-6271/0936-625-552
Email：u742433@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