惠譽授予台灣中油有擔保公司債AAA(twn)預期評等

2009-10-13

惠譽國際信用評等股份有限公司-臺北/新加坡-2009年10月13日：惠譽信評今日授予台灣中油股份有限公司（中油）即將發行之台幣108.2億元有擔保公司債「AAA(twn)」之預定債務發行評等。

「該債券所收款項將用來融通中油2010年的資本支出計畫，並且改善其債務到期結構，」惠譽亞太區能源及公用事業分析師Simon Wong（王智健）表示。「依據公司法規定，中油不得發行無擔保公司債，因為其最近三年稅後平均淨利，未達原定發行之公司債應負擔年息總額之百分之一百五十。」

該債券將分別以五年期、七年期和十年期等三類發行。五年期債券將由全國農業金庫保證76.92%，臺灣銀行（國內長期評等AAA(twn)/評等展望穩定）保證23.08%。七年期和十年期債券將由全國農業金庫提供十足保證。

五年期債券將於到期日一次性償還本金，而七年期和十年期債券則分別在第六、第七年和第九、第十年平均分為兩期償還本金。

此債務發行的最終評等將視最終發行文件所載資訊與先前惠譽收到者對照之結果或國內主管機關核准與否而定。

聯絡人：Simon Wong (王智健), Singapore, +65 6796 7235/ simon.wong@fitchratings.com; Kevin C. Chang (張崇人), Taipei, +886 2 8175 7609/ kevin.chang@fitchratings.com

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.  PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.  IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'.  PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES.  FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Note to editors: Fitch's National ratings provide a relative measure of creditworthiness for rated entities in countries with relatively low international sovereign ratings and where there is demand for such ratings. The best risk within a country is rated 'AAA' and other credits are rated only relative to this risk. National ratings are designed for use mainly by local investors in local markets and are signified by the addition of an identifier for the country concerned, such as 'AAA(twn)' for National ratings in Taiwan. Specific letter grades are not therefore internationally comparable.

Additional information is available at www.fitchratings.com.