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Yuanta Financial to issue NT$10B of bonds

Yuanta Financial Holdings Co. Ltd. plans to issue NT$10 billion of corporate bonds in several tranches.

The company said May 23 that the bonds will have an interest rate not exceeding 2% per year. The issue price will be determined at a later date.

Yuanta Financial plans to use the proceeds to repay corporate bonds due in 2018 or any loans borrowed.

As of May 23, US$1 was equivalent to NT$30.00.