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The open tender for the 5th 2012 Annual short-term borrowing for Taipei city’s debt fund successfully processed

On November 21st, 2012, in response to the need of fund dispatch, the Department of Finance, Taipei City Government held an open tender for Taipei city's debt fund's 5th 2012 Annual short-term borrowing, which totals to $10 billion NTD, with a maturity of 364 days. 11 Financial institutions participated in the tender. The award of bid price was $10 billion NTD and the annual rate of weighted average bid price was 0.84%, based on the quotation during price parity. By holding this open tender, the Taipei City Government could save around $100 million NTD in interest expense.