To increase operational funds and ensure a stable power supply, the Taipower Board of Directors has approved the issuance of the 1st tranche of unsecured common corporate bonds for FY2024, scheduled for mid-January. The total issuance will be NT$14.9 billion.

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

1. 5-year unsecured common corporate bonds: Issued at an interest rate of 1.70%, with a total of NT$7.0 billion. The interest is calculated at a fixed rate, payable annually, with 80% and 20% of the principal repaid at the end of the fourth and fifth years, respectively, starting from the issuance date.
2. 10-year unsecured common corporate bonds: Issued at an interest rate of 1.81%, with a total of NT$7.9 billion. The interest is calculated at a fixed rate, payable annually, with the principal repaid at maturity.
3. The issuance of the bonds in this tranche is subject to confirmation after the filing becomes effective.

Spokesperson: Vice President Chih-Meng Tsai

Contact Number: (02)2366-6271/0958-749-333

E-mail: u910707@taipower.com.tw

Business Contact: Director Yao-Yue Wang, Finance Department

Contact Number: (02)2366-6810/0922-483-728

E-mail: u091506@taipower.com.tw