First Financial Holding plans up to NT$9 billion of senior unsecured and subordinated bonds

By Jennifer Chiou

New York, April 29 - First Financial Holding Co. Ltd. announced plans for issues of up to NT$9 billion of senior unsecured bonds and subordinated bonds this year.

The company passed the resolution for the securities at a board meeting on Thursday.

The Taipei, Taiwan, financial company said that the senior unsecured bonds will have a maximum maturity of five years while the tenor of the subordinated bonds will not exceed seven years.

First Financial said it is looking to bolster its working capital and refinance its subordinated debt.

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