In order to increase operating capital and repay debts to ensure stable power supply, yesterday (March 20), Taipower’s Board of Executive Directors approved the issuance of NT$22.1 billion of unsecured common corporate bonds in Q2 2023 (mid- to late-April).

Taiwan Power Company stated that the terms of the corporate bond issue are as follows:

1. 3-year unsecured common corporate bonds: NT$4.7 billion with interest rate of 1.44%, fixed interest rate, interest payable once a year, and principal repayment at maturity.
2. 5-year unsecured common corporate bonds: NT$11.2 billion with interest rate of 1.53%, fixed interest rate, interest payable once a year, and principal repayment at maturity.
3. 7-year unsecured common corporate bonds: NT$3.2 billion with interest rate of 1.60%, fixed interest rate, interest payable once a year, and principal repayment at maturity.
4. 10-year unsecured common corporate bonds: NT$3.0 billion with a fixed interest rate of 1.80%, payable once a year and principal repayment at maturity.
5. The issuance of the corporate bonds shall be confirmed after the effective filing.

Spokesperson: Wu Chin-Chung, Chief Engineer

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

Email: u850899@taipower.com.tw

Contact Person: Chen Li-Chen, Director, Finance Department

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

Email: u048292@taipower.com.tw