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Prospect News home > News index > List of issuers F > Headlines for First Commercial Bank (Taiwan) > News item |
Fitch rates First Commercial Bank bonds A+(twn)
Fitch Ratings said it assigned a national long-term rating of A+(twn) to First Commercial Bank's upcoming seven-year NT$2.5 billion and 10-year NT$500 million subordinated bonds.
The company's subordinated bonds carry fixed-coupon rates of 1.65% and 1.72%, respectively. The proceeds will be used for refinancing purposes.
These subordinated bonds are rated a notch below the bank's national long-term rating of AA-(twn) with stable outlook.
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