XML 58 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Loans and Bonds Payable
 12 Months Ended
Dec. 31, 2024
Bonds payable [member]  
Statement [LineItems]  
Loans and Bonds Payable
18.
BONDS PAYABLE
 
    
December 31,

2023
     
December 31,

2024
  
    
NT$
     
NT$
  
    
 (In Millions) 
     
 (In Millions) 
  
Domestic unsecured bonds
       $ 447,194.0           $ 478,536.0    
Overseas unsecured bonds
         476,578.5             507,904.0    
Less: Discounts on bonds payable
         (2,875.0 )            (2,687.5 )   
Less: Current portion
         (6,997.7 )            (57,148.0 )   
     
 
 
          
 
 
    
      $  913,899.8           $  926,604.5    
     
 
 
          
 
 
    
The major terms of domestic unsecured bonds are as follows:
 
 Issuance
  
Tranche
   
Issuance Period
   
Total Issue
Amount
NT$
(In Millions)
     
Coupon
Rate
   
Repayment and
Interest Payment
NT$ unsecured
 bonds   
              
101-4
   C   
January 2013 to January 2023
     $ 3,000.0      1.49%   
Bullet repayment; interest payable annually
102-1
   C   
February 2013 to February 2023
      3,600.0      1.50%   
The same as
above
102-2
   B   
July 2013 to July 2023
      3,500.0      1.70%   
The same as
above
102-4
   E   
September 2013 to March 2023
      5,400.0      2.05%   
The same as
above
  F   
September 2013 to September 2023
     
2,600.0
     
2.10
%		   
The same as
above
109-1
   A   
March 2020 to March 2025
      3,000.0      0.58%   
The same as
above
  B   
March 2020 to March 2027
      10,500.0      0.62%   
The same as
above
  C   
March 2020 to March 2030
      10,500.0      0.64%   
The same as
above
109-2
   A   
April 2020 to April 2025
      5,900.0      0.52%   
The same as
above
  B   
April 2020 to April 2027
      10,400.0      0.58%   
The same as
above
  C   
April 2020 to April 2030
      5,300.0      0.60%   
The same as
above
 
 Issuance
  
Tranche
   
Issuance Period
   
Total Issue
Amount
NT$
(In Millions)
     
Coupon
Rate
   
Repayment and
Interest Payment
109-3
  
A
   
May 2020 to May 2025
   
 $
4,500.0
 
   
0.55%
   
Bullet repayment; interest payable annually
 
B
   
May 2020 to May 2027
   
 
7,500.0
 
   
0.60%
   
The same as
above
 
C
   
May 2020 to May 2030
   
 
2,400.0
 
   
0.64%
   
The same as
above
109-4
  
A
   
July 2020 to July 2025
   
 
5,700.0
 
   
0.58%
   
Two equal installments in last two years; interest payable annually
 
B
   
July 2020 to July 2027
   
 
6,300.0
 
   
0.65%
   
The same as
above
 
C
   
July 2020 to July 2030
   
 
1,900.0
 
   
0.67%
   
The same as
above
109-5
  
A
   
September 2020 to September 2025
   
 
4,800.0
 
   
0.50%
   
The same as
above
 
B
   
September 2020 to September 2027
   
 
8,000.0
 
   
0.58%
   
The same as
above
 
C
   
September 2020 to September 2030
   
 
2,800.0
 
   
0.60%
   
The same as
above
109-6
 (Green bond)
  
A
   
December 2020 to December 2025
   
 
1,600.0
 
   
0.40%
   
The same as
above
 
B
   
December 2020 to December 2027
   
 
5,600.0
 
   
0.44%
   
The same as
above
 
C
   
December 2020 to December 2030
   
 
4,800.0
 
   
0.48%
   
The same as
above
109-7
  
A
   
December 2020 to December 2025
   
 
1,900.0
 
   
0.36%
   
The same as
above
 
B
   
December 2020 to December 2027
   
 
10,200.0
 
   
0.41%
   
The same as
above
 
C
   
December 2020 to December 2030
   
 
6,400.0
 
   
0.45%
   
The same as
above
110-1
  
A
   
March 2021 to March 2026
   
 
4,800.0
 
   
0.50%
   
Bullet repayment; interest payable annually
 
B
   
March 2021 to March 2028
   
 
11,400.0
 
   
0.55%
   
The same as
above
 
C
   
March 2021 to March 2031
   
 
4,900.0
 
   
0.60%
   
The same as
above
110-2
  
A
   
May 2021 to May 2026
   
 
5,200.0
 
   
0.50%
   
The same as
above
 
B
   
May 2021 to May 2028
   
 
8,400.0
 
   
0.58%
   
The same as
above
 
C
   
May 2021 to May 2031
   
 
5,600.0
 
   
0.65%
   
The same as
above
110-3
  
A
   
June 2021 to June 2026
   
 
6,900.0
 
   
0.52%
   
The same as
above
 
B
   
June 2021 to June 2028
   
 
7,900.0
 
   
0.58%
   
The same as
above
 
C
   
June 2021 to June 2031
   
 
4,900.0
 
   
0.65%
   
The same as
above
 
 Issuance
  
Tranche
   
Issuance Period
   
Total Issue
Amount
NT$
(In Millions)
     
Coupon
Rate
   
Repayment and
Interest Payment
110-4
   A   
August 2021 to August 2025
     $ 4,000.0      0.485%   
Bullet repayment; interest payable annually
  B   
August 2021 to August 2026
      8,000.0      0.50%   
The same as
above
  C   
August 2021 to August 2028
      5,400.0      0.55%   
The same as
above
  D   
August 2021 to August 2031
      4,200.0      0.62%   
The same as
above
110-6
   A   
October 2021 to April 2026
      3,200.0      0.535%   
The same as
above
  B   
October 2021 to October 2026
      6,900.0      0.54%   
The same as
above
  C   
October 2021 to October 2028
      4,600.0      0.60%   
The same as
above
  D   
October 2021 to October 2031
      1,600.0      0.62%   
The same as
above
110-7
   A   
December 2021 to December 2026
      7,700.0      0.65%   
The same as
above
  B   
December 2021 to June 2027
      3,500.0      0.675%   
The same as
above
  C   
December 2021 to December 2028
      5,500.0      0.72%   
The same as
above
111-1
 (Green bond)
   A   
January 2022 to January 2027
      2,100.0      0.63%   
The same as
above
  B   
January 2022 to January 2029
      3,300.0      0.72%   
The same as
above
111-2
   A   
March 2022 to September 2026
      3,000.0      0.84%   
The same as
above
  B   
March 2022 to March 2027
      9,600.0      0.85%   
The same as
above
  C   
March 2022 to March 2029
      1,600.0      0.90%   
The same as
above
111-3
 (Green bond)
   -   
May 2022 to May 2027
      6,100.0      1.50%   
The same as
above
111-4
 (Green bond)
   A   
July 2022 to July 2026
      1,200.0      1.60%   
The same as
above
  B   
July 2022 to July 2027
      10,100.0      1.70%   
The same as
above
  C   
July 2022 to July 2029
      1,200.0      1.75%   
The same as
above
  D   
July 2022 to July 2032
      1,400.0      1.95%   
The same as
above
111-5
   A   
August 2022 to June 2027
      2,000.0      1.65%   
The same as
above
  B   
August 2022 to August 2027
      8,900.0      1.65%   
The same as
above
 
Issuance
   
Tranche
   
Issuance Period
   
Total Issue
Amount
NT$
(In Millions)
     
Coupon
Rate
  
Repayment and
Interest Payment
111-5
    C   
August 2022 to August 2029
     $ 2,200.0     
1.65
%		  
Bullet repayment; interest payable annually
   D   
August 2022 to August 2032
      2,500.0      1.82%  
The same as
above
111-6
 (Green bond)
    A   
October 2022 to
October
2027
      5,700.0      1.75%  
The same as
above
   B   
October 2022 to October 2029
      1,000.0      1.80%  
The same as
above
   C   
October 2022 to October 2032
      3,500.0      2.00%  
The same as
above
112-1
 (Green bond)
    A   
March 2023 to March 2028
      12,200.0      1.54%  
The same as
above
   B   
March 2023 to March 2030
      2,300.0      1.60%  
The same as
above
   C   
March 2023 to March 2033
      4,800.0      1.78%  
The same as
above
112-2
 (Green bond)
    A   
May 2023 to May 2028
      13,100.0      1.60%  
The same as
above
   B   
May 2023 to May 2030
      2,300.0      1.65%  
The same as
above
   C   
May 2023 to May 2033
      5,300.0      1.82%  
The same as
above
112-3
    A   
June 2023 to June 2028
      11,400.0      1.60%  
The same as
above
   B   
June 2023 to June 2030
      2,600.0      1.65%  
The same as
above
   C   
June 2023 to June 2033
      6,000.0      1.80%  
The same as
above
112-4
    A   
August 2023 to August 2028
      7,300.0      1.60%  
The same as
above
   B   
August 2023 to August 2030
      700.0      1.65%  
The same as
above
   C   
August 2023 to August 2033
      7,900.0      1.76%  
The same as
above
112-5
    A   
October 2023 to October 2028
      4,300.0      1.62%  
The same as
above
   B   
October 2023 to October 2033
      5,500.0      1.76%  
The same as
above
113-1
 (Green bond)
    A   
March 2024 to March 2029
      12,000.0      1.64%  
The same as
above
   B   
March 2024 to March 2034
      10,800.0      1.76%  
The same as
above
113-2
 (Green bond)
    A   
May 2024 to May 2029
      4,900.0      1.98%  
The same as
above
   B   
May 2024 to May 2034
      6,600.0      2.10%  
The same as
above
 
  Issuance
   
Tranche
     
Issuance Period
     
Total Issue
Amount
US$
(In Millions)
     
Coupon
Rate
     
Repayment and
Interest Payment
US$ unsecured
  bonds
               
109-1
      -        September 2020 to
September 2060		  
 		      US$ 1,000.0        2.70%     
Bullet repayment (callable on
the 5th anniversary of the
issue date and every
anniversary thereafter);
interest payable annually
110-5
      -        September 2021 to
September 2051		  
 		      1,000.0        3.10%     
The same as above
The Company issued domestic unsecured bonds during the period from January 1, 2025 to April 17, 2025, the major terms are as follows:
 
  Issuance
  
Tranche
 
  
Issuance Period
 
  
Total Amount
NT$
(In Millions)
 
  
Coupon
Rate
 
  
Repayment and
Interest Payment
NT$ unsecured
  bonds
  
  
  
  
  
114-1
  (Green bond)
  
 
A
 
  
 
March 2025 to
March 2030
 
 
  
 
$12,000.0
 
  
 
1.90%
 
  
Bullet repayment; interest payable annually
  
 
B
 
  
 
March 2025 to
March 2035
 
 
  
 
7,200.0
 
  
 
2.05%
 
  
The same as above
The major terms of overseas unsecured bonds are as follows:

 
   Issuance Period
  
Total Issue
Amount
US$
(In Millions)
 
  
Coupon
Rate
 
  
Repayment and
Interest Payment
September 2020 to September 2025
      US$ 1,000.0         0.75%      
Bullet repayment (callable at any time, in whole or in part, at the relevant redemption price according to relevant agreements); interest payable semi-annually
September 2020 to September 2027
      750.0         1.00%      
The same as
above
September 2020 to September 2030
      1,250.0         1.375%      
The same as
above
April 2021 to April 2026
      1,100.0         1.25%      
The same as
above
April 2021 to April 2028
      900.0         1.75%      
The same as
above
April 2021 to April 2031
      1,500.0         2.25%      
The same as
above
October 2021 to October 2026
      1,250.0         1.75%      
The same as
above
        
(Continued)
 
   Issuance Period
  
Total Issue
Amount
US$
(In Millions)
 
  
Coupon
Rate
 
  
Repayment and
Interest Payment
October 2021 to October 2031
    US$ 1,250.0         2.50%      
Bullet repayment (callable at any time, in whole or in part, at the relevant redemption price according to relevant agreements); interest payable semi-annually
October 2021 to October 2041
      1,000.0         3.125%      
The same as
above
October 2021 to October 2051
      1,000.0         3.25%      
The same as
above
April 2022 to April 2027
      1,000.0         3.875%      
The same as
above
April 2022 to April 2029
      500.0         4.125%      
The same as
above
April 2022 to April 2032
      1,000.0         4.25%      
The same as
above
April 2022 to April 2052
      1,000.0         4.50%      
The same as
above
July 2022 to July 2027
      400.0         4.375%      
The same as
above
July 2022 to July 2032
      600.0         4.625%      
The same as
above
        
(Concluded)
Long-term bank loans [member]  
Statement [LineItems]  
Loans and Bonds Payable
 
19.
LONG-TERM BANK LOANS
 
   
December 31,

2023
    
December 31,

2024
  
   
NT$
(In Millions)
    
NT$
(In Millions)
  
NT$ unsecured loans
     $ 6,706.4         $ 4,410.8    
JPY unsecured loans
               -            30,124.8    
Less: Discounts on government grants
       (27.8 )          (1.3 )   
Less: Current portion
       (2,295.6 )          (2,709.9 )   
   
 
 
        
 
 
    
    $ 4,383.0         $ 31,824.4    
   
 
 
        
 
 
    
Loan content
            
Annual interest rate
      
1.15%-1.35%
          
0.13%-1.78%
    
Maturity date
    
Due by December
2027    
  
 		    
Due by December
2030    
  
 
The long-term bank loans of the Company are used for plants setup, procurement of machinery and equipment, and operating capital. The partial long-term bank loans are with preferential interest rates subsidized by the government, and the loans are used to fund capital expenditure qualifying for the subsidy.
The Company is required to maintain certain financial covenants during the borrowing period, including the annual equity of the subsidiary receiving the partial loan not to fall below a specific amount; its debt-to-equity ratio must not exceed a certain ratio; and the ratio of the Company’s annual debt to earnings before interest, taxes, depreciation, and amortization (EBITDA) not to exceed a certain multiple.