Securities and Exchange Act Article 28-4
The total issue amount of the corporate bonds offered and issued by a company that has issued stock in accordance with this Act, unless the Competent Authority has obtained the approval of the central authority with jurisdiction over the business of the company, shall comply with the following provisions, and is not subject to the restrictions under Article 247 of the Company Act:1. The total issue amount of secured corporate bonds, convertible corporate bonds, or corporate bonds with warrants may not exceed 200 percent of the company's total assets less total liabilities.2. The total issue amount of unsecured corporate bonds other than bonds under the preceding subparagraph may not exceed one-half of the company's total assets less total liabilities.
中文原文 證券交易法第28-4條
已依本法發行股票之公司，募集與發行公司債，其發行總額，除經主管機關徵詢目的事業中央主管機關同意者外，依下列規定辦理，不受公司法第二百四十七條規定之限制：
一、有擔保公司債、轉換公司債或附認股權公司債，其發行總額，不得逾全部資產減去全部負債餘額之百分之二百。
二、前款以外之無擔保公司債，其發行總額，不得逾全部資產減去全部負債餘額之二分之一。
一、有擔保公司債、轉換公司債或附認股權公司債，其發行總額，不得逾全部資產減去全部負債餘額之百分之二百。
二、前款以外之無擔保公司債，其發行總額，不得逾全部資產減去全部負債餘額之二分之一。