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China Development Financial to issue up to NT$6B of corporate bonds

China Development Financial Holding Corp. is planning to issue up to NT$6 billion worth of unsecured corporate bonds in 2017.

The bonds will have a face value of NT$1 million and an issue price of 100% of par value, according to a Feb, 20 release.

The company has yet to determine the issue period and interest rate of the bonds.

Proceeds from the planned issuance will be used to repay the company's bonds due in 2017.

As of Feb. 20, US$1 was equivalent to NT$30.80.