In order to raise funds necessary for power development, Taipower's regular board meeting yesterday (June 15) approved the issuance of NT$15.15 billion of unsecured general corporate bonds for the third quarter of 2022, scheduled for mid-July. Taipower officials expressed Taipower’s desire to continue to develop diversified power sources and networks, while ensuring a stable power supply. This fund raising is thus mainly in response to the plan to build additional gas-fired multiple-cycle units at the Datan Power Plant; the gas-fired unit renovation plan at the Hsinta power plant; the new gas-fired unit plan at the Taichung Power Plant; and the seventh transmission and substation plan.

Taipower officials noted that the terms of the bond issue are as follows:

1. 3-year unsecured general corporate bonds: NT$5.6 billion, issued at 1.65% interest rate, with fixed interest rate, interest payable once a year and principal repayment at maturity.
2. 5-year unsecured general corporate bonds: NT$6.35 billion with a fixed interest rate of 1.70%, payable annually, with one-half of the principal repaid in each of the fourth and fifth years after date of issuance.
3. 7-year unsecured general corporate bonds: NT$1.9 billion, issued at 1.80% interest rate, with fixed interest rate, interest payable once a year and principal repayment at maturity.
4. 10-year unsecured general corporate bonds: NT$1.3 billion, issued at 2.00% interest rate, with fixed interest rate, interest payable once a year and principal repayment at maturity.
5. The issuance of these bonds must be confirmed via receipt of effective registration.

Spokesperson: Wu Chin-chung, Chief Specialist Engineer

Tel: (02) 2366-6271/0910-192-766

Email: u850899@taipower.com.tw

Business Contact: Chen Li-jen, Finance Department Director

Tel: (02) 2366-6810/0932-338-770

Email: u048292@taipower.com.tw