By Marisa Wong
Madison, Wis., Dec. 23 – Far Eastern International Bank announced the issue of NT$1.1 billion of subordinated bank debentures for 2014.
The 2.05% fixed-rate debentures are priced at par with a maturity of seven years, according to a Taiwan Stock Exchange announcement.
Proceeds will be used to enhance operating capital and to prepare for future long-term loans and investments.
The bank is based in Taipei, Taiwan.
| Issuer: | Far Eastern International Bank
|
| Issue: | Subordinated bank debentures
|
| Amount: | NT$1.1 billion
|
| Maturity: | Seven years
|
| Coupon: | 2.05%
|
| Price: | Par
|
| Yield: | 2.05%
|
| Announcement date: | Dec. 23
|
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