Statute for Encouragement of Private Participation in Transportation Infrastructure Projects Article 27

A private entity encouraged under this Statute may issue corporate bonds after it has been approved by the competent authorities to operate and to make public offer of its shares, regardless of whether its shares are listed on any stock exchange or not.Regulations governing examination and approval of the issuance of corporate bonds referred to in the preceding Paragraph shall be stipulated by MOTC in conjunction with MOEA and MOF, and shall be subsequently submitted to the Executive Yuan for approval.