Taiwan Power Co (Taipower, 台電) yesterday announced a plan to issue NT$17.65 billion (US$623.6 million) of unsecured corporate bonds next month, as the state-run utility aims to raise funds to build new liquefied natural gas (LNG) generators at the Taichung Power Plant, a combined-cycle LNG generator project in Taoyuan’s Datan Power Plant, the 7th Transmission and Substation Project as well as other investments. The debt would comprise NT$3.4 billion of five-year bonds with a yield of 0.45 percent, NT$10.55 billion of seven-year bonds with a yield of 0.55 percent and NT$3.7 billion of 10-year bonds with a yield of 0.62 percent,