 In 2010 THSRC put through a new syndicate loan, which alleviated the company ’ s imminent financial burden. THSRC signed a NT $ 382 billion refinancing contract with a consortium of 8 domestic banks led by Bank of Taiwan in January, 2010; and utilized the new loan to pay off the previous syndicated loan which with higher interest. As of 30 June 2011, the long-term debts totaling NT $ 385 billion include NT $ 26 billion corporate bonds and NT $ 359 billion bank loans. In comparison with the terms and conditions of previous loans, the newly signed refinancing debts carried lower interest rates and longer tenors up to 22 years. The Company ’ s financial burden is therefore largely reduced.
