Chunghwa Telecom (TPE:2412) board approved the issuance of unsecured corporate bonds totaling up to NT$20 billion.

The bonds may be issued in a lump sum or in installments within one year of the board resolutiona and will have maturities of up to 10 years, depending on market conditions.

The bonds will carry a fixed interest rate, which will be determined later.

Proceeds from the issuance will be used to fund capital expenditures, repay debt obligations, bolster working capital, and support medium- to long-term business expansion.