Taiwan’s CTBC eyes up to NT$10 billion of seven- to 20-year bonds

By Marisa Wong

Morgantown, W.Va., Oct. 31 – CTBC Financial Holding Co., Ltd. announced it plans to issue up to NT$10 billion of subordinated corporate bonds with maturities of seven to 20 years.

The bonds will be offered at par.

Proceeds will be used to repay debt, to strengthen the company’s capital structure and to supplement working capital.

The holding company for CTBC Bank is based in Taipei, Taiwan.

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