To raise funds for power development, the Taipower Board of Directors has approved (on July 18) the fourth unsecured corporate bonds of NT$18.8 billion for 2022, which is scheduled to be issued mid-August. Taipower stated that in order to continuously develop diversified power sources and power grids that ensure a stable power supply, the funds raised will mainly be used for the Gas-Fired Unit Upgrade and Renovation Project for the Hsinta Power Plant, the Gas-Steam Combined Cycle Unit Construction Project for the Datan Power Plant, and the Upgrade and Expansion Project for the Linkou Power Plant.

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

1. 3-year unsecured corporate bonds: NT$4.5 billion will be issued at a fixed interest rate of 1.49%. The interest will be paid once a year and the principal amount will be returned upon maturity.
2. 5-year unsecured corporate bonds: NT$8 billion will be issued at a fixed interest rate of 1.59%. The interest will be paid once per year and one-half of the principal amount will be returned at the end of the fourth and fifth years starting from the date of issuance.
3. 7-year unsecured corporate bonds: NT$3.1 billion will be issued at a fixed interest rate of 1.65%. The interest will be paid once per year and the principal amount will be returned upon maturity.
4. 10-year unsecured corporate bonds: NT$3.2 billion will be issued at a fixed interest rate of 1.85%. The interest will be paid once per year and the principal amount will be returned upon maturity.
5. The issuance of the current corporate bonds will be confirmed after the declaration becomes effective.

Spokesperson: Chief Engineer, Chin-Chung Wu

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

Email: u850899@taipower.com.tw

Contact Person: Director of Financial Department, Li-Chen Chen

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

Email: u048292@taipower.com.tw