By Marisa Wong
Morgantown, W.Va., Sept. 5 – Taiwan’s Far Eastern International Bank issued NT$2.9 billion of perpetual non-cumulative subordinated financial debentures at par with a fixed coupon of 3.2%, according to a Taiwan Stock Exchange notice.
The debentures are conditionally callable after five years.
The Taipei, Taiwan, bank intends to use proceeds to enhance its capital structure.
| Issuer: | Far Eastern International Bank
|
| Issue: | Perpetual non-cumulative subordinated financial debentures, 2018 first issue
|
| Amount: | NT$2.9 billion
|
| Maturity: | Perpetual
|
| Coupon: | 3.2%
|
| Price: | Par
|
| Yield: | 3.2%
|
| Call option: | Conditionally after five years
|
| Put option: | None
|
| Announcement date: | Sept. 5
|
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