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CPC to auctions NT$19.4 bln in bonds

Apr. 9, 2012 (China Knowledge) – Taiwan state-run oil and gas operator CPC Corp announced last Friday that it would auction NT$19.4 billion or US$658 million worth of bonds, source reported.

According to the source, the oil operator will auction NT$12.8 billion in ten-year bonds with a coupon rate of 1.49%, NT$3.9 billion in seven-year bonds with a coupon rate of 1.36% and NT$2.7 billion in five-year bonds with a coupon rate of 1.22%.

Proceeds from the issuance will be used to improve the energy efficiency and reduce pollution emissions, said the issuer.

CPC auctioned NT$16.8 billion worth of bonds in 2011 and NT$16 billion in 2010.

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