The move made THSRC the first company in the nation to issue a 30-year corporate bond. Large corporations, such as China Steel Corp and Formosa Plastics Group, have issued 15-year corporate bonds. “As such, our financial team decided to raise funds by issuing corporate bonds,” it said, adding that it first issued corporate bonds in 2009. Chiang said the issuance of 30-year corporate bonds has set a new record, as it is equal to the longest maturities of government bonds. “The successful issuance of corporate bonds would help restructure our debts, reduce risks caused by changes in interest rates and generate profits for our shareholders,” he said.

Source: Taipei Times November 17, 2019 15:56 UTC