(Repeat for additional subscribers)
June 24 (The following statement was released by the rating agency)
Fitch Ratings has assigned The Export-Import Bank of the Republic of China's
(Taiwan's Eximbank) proposed three-year TWD1bn senior unsecured bond a 'AAA(twn)' National
Long-Term Rating. The bond carries a fixed coupon rate and matures on 26 June 2017.
KEY RATING DRIVER
The bond is rated at the same level as Taiwan's Eximbank's National Long-Term
Rating of 'AAA(twn)' which has a Stable Outlook, in compliance with Fitch's
rating criteria on senior unsecured bond instruments of financial institutions.
The new debt issue aims to secure more stable and mid-term funding.
Any rating action on Taiwan's Eximbank will trigger a similar move in its debt
For a detailed credit profile on Taiwan's Eximbank, please refer to Fitch's
credit report dated 29 November 2013.
Established in 1979 under The Export-Import Bank of the Republic of China Act,
Taiwan's Eximbank is fully owned by the Taiwanese government and supervised by
the Ministry of Finance and the Financial Supervisory Commission.