Uni-President China to issue 1 bln yuan of formosa bonds-sources

TAIPEI Tue Jan 14, 2014 4:46am EST

TAIPEI Jan 14 (Reuters) - Taiwanese food company Uni-President China Holdings Ltd plans to issue up to 1 billion yuan ($165.47 million) of three-year yuan bonds in Taiwan, three sources said on Tuesday, marking the first formosa bond issue in a strong pipeline expected this year.

The company plans to issue the bonds at a yield of 3.6 percent, sources said.

Uni-President China, a subsidiary of Taipei-listed Uni-President Enterprises Corp, also issued 1 billion yuan of three-year dim sum bonds in Hong Kong last May, priced at a yield of 3.5 percent.

($1 = 6.0434 Chinese yuan) (Reporting by Miaojung Lin; Writing by Clare Jim; Editing by Jacqueline Wong)

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