TS Financial (TPE:2887) approved the issuance of unsecured corporate bonds totaling up to NT$10 billion, according to a Thursday filing.
The company may issue the bonds in multiple tranches within two years of approval by the Financial Supervisory Commission.
The bonds will have a maturity of no longer than 10 years, while their face value, issue price and coupon rate will be determined based on market conditions.
Proceeds from the offering will be used to repay outstanding debt, it said.
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