Department of Finance-Activities-The Open Tender for the Fifth Short-Term Financing of Taipei City’s Debt Fund in Fiscal Year 2013 is Successfully Processed, Saving About NT$300 Million in Interest Expense.
Jump to the content zone at the center

Department of Finance

Activities

The Open Tender for the Fifth Short-Term Financing of Taipei City’s Debt Fund in Fiscal Year 2013 is Successfully Processed, Saving About NT$300 Million in Interest Expense.

On November 20th, 2013, to cope with the need of fund management, the Department of Finance of Taipei City Government held an open tender for the fifth short-term financing of Taipei City’s debt fund in Fiscal Year 2013. The total amount was set at NT$20 billion, and at a maturity of 364 days. Eleven financial institutions participated in the bidding process. The winning bid totaled at NT$20 billion with an average annual interest rate of 0.75%, based on the quotation submitted during price comparison. By holding this open tender, the Taipei City Government could save about NT$300 million in interest expense.


The Open Tender for the Fifth Short-Term Financing of Taipei City’s Debt Fund in Fiscal Year 2013