Taiwan’s Far Eastern International plans NT$3 billion debt for 2015

By Marisa Wong

Madison, Wis., May 5 – Far Eastern International Bank’s board of directors approved the issuance of NT$3 billion of subordinated debt for 2015, according to a Taiwan Stock Exchange announcement.

The issues will have maturities of up to 10 years.

Proceeds will be used to enhance long-term capital, to prepare for future long-term loans and for investments.

The bank is based in Taipei, Taiwan.

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