By Marisa Wong
Madison, Wis., Nov. 6 - Far Eastern International Bank said it issued NT$4 billion of seven-year subordinated bank debentures.
The bonds were issued at par with a coupon of 2.1%.
The Taipei, Taiwan-based bank announced in March that it planned to issue in 2013 NT$4 billion of subordinated bank debentures with maturities of two to 10 years.
Proceeds will be used to enhance operating capital and to prepare for future long-term loans and investments.
| Issuer: | Far Eastern International Bank
|
| Issue: | Subordinated bank debentures
|
| Amount: | NT$4 billion
|
| Maturity: | Seven years
|
| Coupon: | 2.1%
|
| Price: | Par
|
| Yield: | 2.1%
|
| Announcement date: | Nov. 6
|
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