By Mary-Katherine Stinson
Lexington, Ky., Aug. 30 – Taiwan Business Bank, Ltd. will issue NT$1 billion of 1.47% senior debentures due Sept. 27, 2025 with a par issue price, according to a notice.
The face value per bond is NT$10 million.
The issuance term is two years.
Proceeds will be used to assist enterprises in investment projects focused on environmental improvements and social benefits.
This is the bank’s second issue of senior unsecured financial debentures in 2023.
The bank’s board approved the issue of the debentures on April 19.
The bank is based in Taipei, Taiwan.
| Issuer: | Taiwan Business Bank, Ltd.
|
| Amount: | NT$1 billion
|
| Issue: | Debentures
|
| Maturity: | Sept. 27, 2025
|
| Coupon: | 1.47%
|
| Price: | Par
|
| Yield: | 1.47%
|
| Announcement date: | Aug. 30
|
| Settlement date: | Sept. 27
|
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