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Updated Thursday, March 11, 2010 10:59 am TWN, Bloomberg

Taipower to sell NT$12 bil. corporate bonds in auction

TAIPEI, Taiwan -- Taiwan Power Co. is selling NT$12 billion of corporate bonds in four tranches in an auction, Clint Chou, a spokesman for the state-run utility, said by phone yesterday. The Taipei-based company will set interest rates of the debt, with maturities of three years, five years, seven years and 10 years, on March 12, Chou said.

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