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Taishin Financial to issue up to NT$10B of corporate bonds

Taiwan's Taishin Financial Holding Co. Ltd. plans to issue up NT$10 billion of senior corporate bonds in one or more tranches.

Proceeds will be used to increase the company's working capital and to repay its outstanding debt, according to a Jan. 16 release.

In addition, the company said unit Taishin International Bank Co. Ltd. appointed Wu Shin-Hau as a director to its board, according to a separate same-day release.

The appointment is effective Jan. 17.

Wu serves as a director on the boards of Shinkong Insurance Co. Ltd., Shin Kong Life Insurance Co. Ltd. and Shin Kong Financial Holding Co. Ltd.

As of Jan. 16, US$1 was equivalent to NT$29.94.